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The Great Myth of the Inflation Cure

Charles SWVA Wrote: Aug 28, 2012 9:03 AM
Borrowing enslaves us and our children. Printing does not. We can balance the budget every year by preparing a list of expenditures, a list of income from taxes, etc, and then having the Treasury print exactly enough to eliminate the deficit. The printing of money to eliminate the deficit will, according to economists, cause inflation. Inflation is also known as the "hidden tax". Thus, we have raised "taxes" to cover the deficit and the Republicans cannot be accused of failure to support revenue increases and the Demonrats cannot be accused of raising taxes. The public will complain about higher prices but cannot complain that their taxes have been raised. I tell you, it is magic! Stop the borrowing - print.

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Students learn from the likes of University of Chicago economics professor Casey B. Mulligan, who believes what the economy...

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