I am new to your newsletter, but I find your observations thought provoking, which is always good, whether one agrees or not, as it provides a basis for growth. So much in circulation in today's media is just fluff with little meaning or value.

One point in counterbalance. There is a lot of criticism of Lithuania's government, and while I agree that things could have been done better, we should be very, very glad that our leaders have been financially conservative, unlike the leadership of Vilnius, which has created huge debts for our children to pay, while goods and services were bought at inflated prices that helped cronies.

People look to the fantasy of the US and think that government can spend freely. The US is truly living in a fantasy world that works so long as they can convince foreign countries to hoard US dollars and keep them off the domestic US market. This option is not available for Lithuania. The result, sooner or later, is super inflation like what existed in Germany around 1923 when the taxi drivers purposely drove their fares by a bak so they could adjust the rate by the latest mark value. I myself have a couple billion marks from that time.

Iki,
Arturas Baranauskas
Vilnius