Americans tend to be self-centered when it comes to world events. Part of that is our ethos but a bigger part is the refusal of the so-called news media to keep us up to date on the world. We hear about concerns over the feds printing money to solve our problems. What makes this a bigger coming catastrophe is that we are not alone. From the City Journal, linked from Instapundit, we read,
“The economy continues to chug along, as the money printer in Canberra churns out tens of billions in handouts. The open federal money tap has allowed state governments, mostly in the hands of the opposition center-Left, to go to extremes;...”So Australia is going down the same path we follow. They are destined for the effects of extreme inflation not only because of what we are doing but also because they have joined in the chorus. It makes me wonder how many other countries are singing the siren song of the printing press. We will never know until it is too late.
As the people searching for extra-terrestrial life say, “We are not alone.”
homo unius libri