May 5, 2009

Healthcare Will Kill Us!

HealthCare includes Social Security, Medicare, Medicade,etc. The reckless nature of the state has left these liabilities almost completely unfunded starting in 2010. Aside from the exponential increase of the money supply, debt held by foreign nations, the bailouts, future defaults on credit and consumer loans & The 2.5 Trillion of decifict spending- Healthcare Costs will be another nail in the inflationary coffin. 

"For the naive mind there is something miraculous in the issuance of fiat money. A magic word spoken by the government creates out of nothing a thing which can be exchanged against any merchandise a man would like to get. How pale is the art of sorcerers, witches, and conjurors when compared with that of the government’s Treasury Department!" Ludwig Von Mises

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