We are floating down the fiscal river of no return. We are moving faster and faster. Some of us can hear the falls ahead. The sound gets louder and louder. But our companions on board say, "Let's party!" They head for the dining room. After that, they will head for the slot machines.Americans respond favorably to these words: "Free" and "all you can eat." That is what politicians promise.
Either the falls will get us (deflationary depression) or else an explosion of the overheated engine will (hyperinflation).
Our companions are still in the dining room or heading toward the slot machines. You and I should begin to move toward the lifeboats.
Gary North exposes the gimmicky accounting tricks government uses to confuse us.
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