I wonder if this "self certified" "mortage madness" has any connection, economic, psychological or philsophical, with the alledged problems of fiat currencies. As you may know there are those that think that fiat currencies (most modern currencies) that are no longer based on a gold or silver standard, allow governments to outspend themselves. In a sense fiat currencies are "self-certified." and allow governments, such as the current Obama adminstration to "spend beyond their means".
I wonder if this "self certified" "mortage madness" has any connection, economic, psychological or philsophical, with the alledged problems of fiat currencies. As you may know there are those that think that fiat currencies (most modern currencies) that are no longer based on a gold or silver standard, allow governments to outspend themselves. In a sense fiat currencies are "self-certified." and allow governments, such as the current Obama adminstration to "spend beyond their means".
timtak1 1 year ago