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27-Dec-08
Will deficit spending lead inevitably to inflation?
A New York Times article today rehashes the conventional myths about deficit spending : that it is inflationary and dangerous, and that its use in extremis today must be carefully reversed in the future, lest it lead to foreign countries dumping US Treasuries and causing a cataclysmic increase in the US interest rate. The author [...]
Posted at 19:03 in External Blog | Permalink | Top
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