{"id":264,"date":"2008-09-26T18:02:57","date_gmt":"2008-09-26T22:02:57","guid":{"rendered":"http:\/\/iomaire.com\/?p=264"},"modified":"2009-04-20T21:53:31","modified_gmt":"2009-04-21T01:53:31","slug":"the-wile-e-coyote-government","status":"publish","type":"post","link":"https:\/\/iomaire.com\/index.php\/2008\/09\/26\/the-wile-e-coyote-government\/","title":{"rendered":"The Wile E Coyote Government"},"content":{"rendered":"

This pretty much sums it up, folks:<\/p>\n

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The fundamental problem, as outlined in a post on iTulip<\/a>, is that debt exceeds the value of the assets that collaterize that debt. There are two solutions to this conundrum: (1) allow deflation and preserve a strong currency, as Japan did in the 1990s or (2) allow inflation and create a weak currency, as Germany did in the 1930s. The folks here<\/a> expect inflation of over 25% in the future. <\/p>\n

It is interesting to note that Japan is a net creditor nation and the United States is, like Germany was during the Weimar Republic, a net debtor nation. <\/p>\n

For an easy-to-read, understandable essay on the predicament that we are in, read “The Road to Serfdom”<\/a>, by Michael Hudson. It appeared in the April, 2006 issue of Harper’s Magazine.<\/a> <\/p>\n

For a prediction of the next bubble, read this fascinating article<\/a>, also in Harper’s Magazine, by Eric Jantzen, who is the founder of iTulip<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

This pretty much sums it up, folks: The fundamental problem, as outlined in a post on iTulip, is that debt exceeds the value of the assets that collaterize that debt. There are two solutions to this conundrum: (1) allow deflation …<\/span> Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"_links":{"self":[{"href":"https:\/\/iomaire.com\/index.php\/wp-json\/wp\/v2\/posts\/264"}],"collection":[{"href":"https:\/\/iomaire.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iomaire.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iomaire.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/iomaire.com\/index.php\/wp-json\/wp\/v2\/comments?post=264"}],"version-history":[{"count":22,"href":"https:\/\/iomaire.com\/index.php\/wp-json\/wp\/v2\/posts\/264\/revisions"}],"predecessor-version":[{"id":1125,"href":"https:\/\/iomaire.com\/index.php\/wp-json\/wp\/v2\/posts\/264\/revisions\/1125"}],"wp:attachment":[{"href":"https:\/\/iomaire.com\/index.php\/wp-json\/wp\/v2\/media?parent=264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iomaire.com\/index.php\/wp-json\/wp\/v2\/categories?post=264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iomaire.com\/index.php\/wp-json\/wp\/v2\/tags?post=264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}