by Vince?Daliessio
Steve Forbes, bless his heart, tries to get the message out that the government is printing too much money and is heading for ruin. In a column where he pans the 911 commission finding that we need even more bureaucracy, he also tries to give some perspective to what Greenspanism is doing to the economy. But really, he doesn't reach a strong enough conclusion.
I like his Wal-Mart analogy but his quasi-gold standard model leaves a bit to be desired. He ties the dollor to gold (in essence, making the paper thingy with dead white men on it a warehouse receipt - a good thing) but he leaves a back door to flee the pure gold standard if need be. I see two problems with this: 1. The pure gold model is scalable in any free market. The only thing it won't scale up to is the welfare/warfare state desired by most politicians. 2. Read number 1 over and over again until you learn it inside-out.
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