View Single Post
Old 08-10-2010, 10:48 PM  
The Demon
Confirmed User
 
The Demon's Avatar
 
Industry Role:
Join Date: Apr 2003
Posts: 7,336
Quote:
Originally Posted by $5 submissions View Post
I think it started with Nixon. Going off the gold standard and the exponential explosion of funny fiat money.
Yup, was just about to say that. It started with the 1971 agreement and kinda went from there. Then people started living outside their means and wallah.
__________________
Greed is Good
The Demon is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote