2014-02-07usagold.com

``Most Americans take the attitude that "it can't happen here", but the truth of the matter is that no economy or monetary system is immune to the ultimate effects of printing too much money. "Like previous hyperinflations throughout time," says Patrick Barron, an economics professor at Wisconsin University's Graduate School of Banking in a paper published at the Ludwig von Mises Instiutite, "the actions that produce an American hyperinflation will be seen as necessary, proper, patriotic, and ethical; just as they were seen by the monetary authorities in Weimar Germany and modern Zimbabwe''



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