Thursday, November 20, 2008

Whip Deflation Now!

Everybody's talking about deflation all of a sudden. I was a month and a half early, I guess. (Okay, okay, it was a footnote, but still.) What I said then was, we won't allow deflation. And we have the means at hand to prevent it.

Of course, monetizing the debt only goes so far when the government keeps making more.

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