July 01, 2006

Quote For The Day

"An industry's prosperity cannot be decided by law"
Beyond making the point it sets out to, the statement from which it comes also addresses the distinction between government-created money and enterprise-created value and wealth which is totally beyond the comprehension of a commenter to this post.

By the way, those who believe as Chet does that the Treasury Department gives money value by creating it should consider Zimbabwe's inability to pay for paper and ink with which to print more worthless bills, as it is rooted directly in such a misunderstanding of economics.

Posted by triticale at July 1, 2006 03:19 PM | TrackBack
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