Sunday, December 18, 2005
In a previous podcast, I mentioned that while the government has assets such as land and mineral rights, these assets could hardly be considered as collateral for liabilities.
Will we be forced to cut down our national forests to pay back our national debts?
Some people seem to think that the government can just print more money when the national debt becomes otherwise unpayable. But where will we find enough paper?
And when that happens, will our money be worth the paper on which it was printed?
Think about it.
