Friday, April 24, 2009

Obamanators Forget History

I came across an interesting analysis of the recent Obama Budget

http://austrianeconomists.typepad.com/weblog/2009/02/herbert-clark-obama-raises-taxes-to-cure-a-recession.html

which purports to show that politicians (both Republicans and Democrats for that matter), aside from being ignorant about economics, also tend to forget and repeat history. I am glad I increased my holdings in Gold the past two years!

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