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The Great Myth of the Inflation Cure

cwalenta Wrote: Aug 28, 2012 12:24 AM
Well, with inflation there are winners and losers. Creditors and those on fixed incomes tend to lose, debtors win. Why should we expect the world's largest debtor, the Federal Government, to engage in anything other than inflationary behavior?

Parents probably dream of sending their kid to the University of Chicago. Next to the Ivy League or Stanford, the Chicago school is near the top of the heap. Only 27 percent of applicants are admitted. To be among the roughly 15,000 means prestige and an education to build a lifetime on. The cost for tuition and fees: $39,381. Room and board is another $12,000 or so. Add books and other stuff, and the total Chicago-school experience costs $54,290 a year.

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

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