Thursday, July 24, 2008

Beware the Logic of Congress

So, we all know inflation is kicking us right now... I'll have to write another post to dig into that, but let's just take that as fact here. Inflation is caused by a basic devaluing of currency. What gives our currency value? The U.S. Government.

So, when the U.S. Government wants to back our currency with mortgage securities, you just have to wonder -- are they paying attention?

via Housing Bill