By Jody Chudley There is a quote that has been attributed loosely to Ernest Hemingway that I find very useful in teaching my two daughters.
My preferred version of it is this:
When asked how he went bankrupt, the man replied, “Slowly, and then all at once.”
The point is that you can get away with something for a really, really long time.
And then, all of a sudden, you find yourself paying a price so dear you can’t believe how stupid you were.
I’m thinking of this quote today for a specific reason.
Because generally speaking, if you print a lot of money, you get inflation.
Well, let …read more
