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Tuesday, April 24, 2012

Liberty Features Syndicate » Blog Archive » Soros: ‘A sovereign that can print the money can’t default, will never default.’

Liberty Features Syndicate » Blog Archive » Soros: ‘A sovereign that can print the money can’t default, will never default.’: "Contrary to what Soros says, dramatic budget cuts are a way to avoid the false dilemma of default or inflation that he lays out. There is in fact another way. It’s just hardly ever been tried before in history.

But then again, it’s not surprising that someone who has made billions trading currencies would prefer the devastation of inflation over either default or responsible fiscal policies. Those options actually have the benefit of liberating taxpayers from the tyranny of the bank cartel — which owns all of these sovereign debts that cannot otherwise be repaid."

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