We can’t simply inflate our way out of any coming debt crisis in the United States because we have so much in the way of future liabilities which will become worse with inflation.
We can’t simply inflate our way out of any coming debt crisis in the United States because we have so much in the way of future liabilities which will become worse with inflation.
No, inflation is a good tax in that it frees our youth to pursue their own goals while taxing away the wealth and fixed incomes of those who brought us Vietnam, Gulf Wars, Medicare, and Social Security, thinking they could enslave future generations to pay for them.
Dave,
I take it you’ve read the latest CBO report? It makes some compelling arguments.
Yeah, that’s essentially why I made this observation.