THE REAL VALUE OF AMERICAN REAL ESTATEMolson asks: what's safe when fiat fails? A great question. We unfortunately have more films on alien invasions and killer robots than we do on fiat failures, so relatively few have thought through this scenario. But given that decades of accumulated borrowing is now finally coming due, it's worth modeling what happens when the dollar is debased to pay the unpayable debts:We'll focus on the question of whether real estate is really safe in the event of an American fiat ...

My understanding of economic history is every fiat currency has ultimately failed because of the dynamic you're talking about. Political pressure to not cut spending results in an inability to raise taxes results in basically uh the failure you're talking about. It kind of plays out everywhere.What are you telling these guys in addition to the pledge. What is realistic on the tax side. What do you I mean what do you think could be is it an alternative minimum tax on corporations and individuals.is a reducti ...