I just finished laughing out loud over the Money & Markets email newsletter I received today from Money & Markets.com, a publication of Weiss Research.

Apparently, these “financial gurus” haven’t yet learned what I knew in my early twenties: that the overprinting of fiat paper currency destroys the value of that currency. This is elementary economics.

Yet, here is a direct quote from today’s (April 6, 2008) Money & Markets:

Washington will have to print billions more paper dollars to fight this slowing economy…”

That is the collective “wisdom” of the financial “experts” at Weiss Research. Never mind that it is unrestrained printing of “billions more paper dollars” that has devalued the dollar to nothing! It is only “worth” it’s face value because enough ignorant people still think it’s worth something. Apparently, some of those ignorant people are working for Weiss Research.

Suffice to say, I have canceled my subscription to Money & Markets.