src=http://cdn.content.compendiumblog.com/uploads/user/64f9471c-6a7f-4688-913f-4fb5fcd0a3d1/a3ba35ca-5643-4e56-91ac-ebd6b513335f/Image/bfdb52321612499ebd3e5836e8463024_w640.jpegChuck Butler in his Daily Pfennig from EverBank uses his noggin. In today's issue, he was reflecting and brought up some wisdom from the past. From Austrian Economic Theory economist Ludwig von Mises (in my mind the greatest economist of the 20th century): I've been doing a lot of reading about the latest round of Quantitative Easing (QE2) by our esteemed (NOT!) central bank. I came across this and thought it played so well with my dislike for QE. Nearly a century ago, the great economist Ludwig von Mises observed that massive central bank easing is invariably a form of cowardice that attempts to avoid the need to restructure debt or correct fiscal deficits, avoiding wiser but more difficult choices by instead destroying the value of the currency.

 

I'm with Chuck on that one! How to protect yourself? With physical gold! A shiny gold coin, numismatic gold coins or numismatic silver are just the ticket, from Lear Capital!