The Risk of Debt(meganmcardle.theatlantic.com)
meganmcardle.theatlantic.com
The Risk of Debt
http://meganmcardle.theatlantic.com/archives/2009/05/the_risk_of_debt.php
3 comments
If government spending was the solution, the word recession wouldn't exist.
If the government runs out of room to borrow, it will most likely favor inflation over deflation.
Just how high the risk for deflation is, is up for debate. But we'll probably see brisk inflation which will act as a wealth transfer from savers to borrowers. The Aristocrats!
Just how high the risk for deflation is, is up for debate. But we'll probably see brisk inflation which will act as a wealth transfer from savers to borrowers. The Aristocrats!