Comments by "Al Loomis" (@alloomis1635) on "Peter Schiff" channel.

not immediately fatal, and justifies their salary. the unique quality of democracy is the need for public discussion before public action. in oligarchies, people in power can act in secret, and be gone before the consequences of their theft becomes known. printing money is not by itself fatal, but if it does not generate goods and services in equal amount- the denarius was a silver coin in the flush vigor of the early empire, and had no silver at all when the goths inherited the empire. we can shift the blame on other circumstances as well, but when you can't pay the soldiers, every nation is near death.
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