I wish he had mentioned why the euro is in trouble: The euro nations are not Monetarily Sovereign.I wish he had mentioned why the states and cities are in trouble. They too are not Monetarily Sovereign.Normal inflation makes it mathematically impossible for any monetarily non-sovereign entity to survive long-term on taxing and borrowing alone.Rodger Malcolm Mitchell
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I wish he had mentioned why the euro is in trouble: The euro nations are not Monetarily Sovereign.
I wish he had mentioned why the states and cities are in trouble. They too are not Monetarily Sovereign.
Normal inflation makes it mathematically impossible for any monetarily non-sovereign entity to survive long-term on taxing and borrowing alone.
Rodger Malcolm Mitchell
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