Governments’ Fiat “Cash” Funds Do Not Merit Public’s Trust; Demonstrate Need For Sound Money Options

``... despite the recent history of the subprime crisis, credit crunch, and economic downturn, most governments officials don’t seem to care, and still not more than a fraction of a percent of public funds are in classic sound money equivalents. Below I provide a brief history of money market/cash fund crises in the US, which undermines this insouciant attitude. And the evidence becomes more compelling as we get closer to the present economic crisis — suggesting the problems aren’t just off the distant past.''