by Andrew Hoffman, Miles Franklin:
Never in my lifetime – and likely, many far older than I – have so many things been wrong with the world. Fortunately, my focus is solely on the financial aspect – but frankly, it is my firm view that the “spillover” from four-plus decades of unfettered fiat currency are the root cause of evils far broader that economics and finance.
Can I make a direct link, for example, between the proliferation of the vile “cheating” website AshleyMadison.com – which amazingly, remains legal – and fiat currency? Of course not. That said, it’s difficult to believe the hideous disregard of monetary discipline the world is engrossed in is not a contributing factor. And god help us if, in fact, the hackers that claim to have stolen the identities and personal information of Ashley Madison’s 37 million clients make good on their promise to release it. I mean, what could possibly be worse for a nation grappling with financial ruin, than millions of new divorces?
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