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Today’s top gold news and opinion


Institute for Peace and Prosperity/Ron Paul

Repost from 8-30-2021

ramirez cartoon showing crumbling bridge infracstructure with fiscal responsiblity street sign

Cartoon courtesy of MichaelPRamirez.com

“The ‘human infrastructure’ bill represents an expansion of government along the lines of the Great Society. Among its initiatives are universal pre-kindergarten; two ‘free’ years of community college; increased government control of health care via expansions of Obamacare, Medicare, and Medicaid; and a raft of new government mandates and spending aimed at reshaping the US economy to fight ‘climate change.’”

USAGOLD note: Amazing what falls under the infrastructure rubric these days, but if you add all of this to a bill that many Americans see as useful and feasible, you might just get another Great Society launched. Paul ends with a warning: “The expansion of government will increase pressure on the Fed to keep the money spigots open. This will lead to a major economic crisis.” The last Great Society, we might recall, ended in the devaluation of the dollar and an inflation crisis that lasted for over a decade.

 

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