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.
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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…