Jeff Harding di-lo bem: It isn’t “default by stealth,” it’s robbery by stealth.Inflation cures a debt hangover. It may be the only known cure. The reason? The value of the debt stays the same in dollars, but there are more and more dollars to go around and pay the debt off.Naturally, each dollar is worth less. It is a default by stealth. …Inflation of 7% a year for five years would reduce the real value of our national debt by nearly one-third. …Federal Reserve Chairman Ben Bernanke once vowed, if necessary, to get up in a helicopter and shower the country with paper dollars to keep us out of deflation. It may come to that.
segunda-feira, 20 de junho de 2011
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Jeff Harding, aqui, chama-nos a atenção para este extraordinário artigo de que cito o seguinte excerto:
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