We must inflate our way out of debt one way or another. I suppose that it is perhaps a more destructive choice to inflate our way out of this position via expansion of the state bureaucracy, and destroying our last truly competitive industry (medicine), than it is by inflating our way out through the development of a new educational system, a new power grid, new nuclear power plants, repaired roads and bridges, and by creating an updated military. But we will have to inflate. Period.
Source date (UTC): 2011-08-06 10:42:00 UTC
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