Re: Evaluating Managed Funds
Lowering expenditures and/or raising taxes never works. Everyone complains. It's a total cramp. No one wants the hear the truth or take the bad-tasting medicine. The people would rather be dealt with indirectly....
That leaves debasing the currency as the only viable option. Which is what is going on right now.
I love it when pundits trivialize the indebtedness of the United States. Because that's exactly what everyone wants to hear. It's so reassuring and confirms I dont need to learn jack about money and banking. I can just gas up my SUV and plan my high-consumption vacation.
So I guess I'll just buy the benign "core inflation" rate and believe, when the Treasury and the Fed assure me they support a "strong dollar".
Ignorance is bliss.
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