This morning I came across this Financial Times article comparing the current financial debacle with Nixon’s inflation of 1973: I am not, after all, seeking to propound any vulgar fallacies about history repeating itself. The point of such exercises is rather to expand our conception of the possible. In that spirit, a seasoned stockbroker of my acquaintance dismisses my 1973 comparison. The true parallel, he says, is 1929. But that, surely, is going too far. And so go MSM prejudices about the current state of the US. Inflation is defeated. Buy stocks and real estate, they are investments that always … Continue reading The Silly Prejudices of the MSM