I may have already posted this link earlier......sorry if it is a repeat. However it goes right along with the piece posted above by Niall Ferguson. This one is by Rob Arnott in his Fundamentals newsletter (free subscription if you are interested) called "Debt Be Not Proud" .

If you liked the article this interview  by Arnott at King World News is also good.

There are several good interviews here at King World News on precious metals and the stock market that are worth listening to also.

John