Sunday, August 25, 2013

A "Profit" in Fiat* ... They're Reaching New "Highs" ?

Commentary by Roger Erickson

(Maybe on stimulants? What is wrong with the people making this statement?)

Student loan rates will feed federal profits

What would Beardsley say? (probably unprintable! not fit for p. 35; #WWBS ? )


What the heck does a "profit in fiat" mean? More public initiative than we can use? Does that apply to any contexts other than those involving deranged addicts?

ps: "(The government) is absolutely making more money because of these changes." BMHOTK! Do these idiots even know the difference between semantics, tic douloureax and mental diarrhea?


1 comment:

F. Beard said...

In the Bible, profits are good but profit TAKING isn't! So that rules out usury* and dividends but neatly leaves in the possibility of using common stock as private money.

*Exception: Usury from foreigners is allowed in Deuteronomy 23:19-20.