Via safehaven.com:
“If a loose monetary policy and rapid asset price inflation were the route to economic prosperity, Argentina would be the richest country in the world by now.” ~ Albert Edwards Co-Head, Global Cross Asset Strategy Societe Generale
America: the new Argentina
September 22, 2008 by disinter
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I thought of a great name for Shrub the Deciders memoirs it could be given away in pamphlet form at soup lines. It will be called “Superpower to Third World Banana Republic in 8 Short Years.” Kind of a how to as well for aspiring tyrants.
[...] From safehaven.com, via disinter. [...]
Great quote!