Grant: U.S. Debt Crisis "Contrived"

Jim Grant of Grant's Interest Rate Observer thinks the U.S. debt ceiling crisis is both artificial and contrived, the real crisis at the moment being the ongoing troubles in Europe.

He also says the U.S. should go back forward to a gold standard and that U.S. Treasuries are just pieces of paper emitted by a government that is cash flow negative.

So far, no takers in Washington D.C. on the gold standard idea…