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Re: Gold 1714.60 -19.90 -1.15%

By: ribit in ROUND | Recommend this post (0)
Thu, 08 Dec 11 5:35 AM | 32 view(s)
Boardmark this board | De's Test Board 		Msg. 36884 of 45651
(This msg. is a reply to 36882 by Decomposed)
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decomp
...no, I wasn't kidding. The first person I ever heard talking about that idea was lyndon johnson. Then Jimmy Carter implemented it.

...purely coincidentally Im sure, union contracts had cost of living clauses in em so that portion of the democrat base was protected.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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Re: Gold 1714.60 -19.90 -1.15%
By: Decomposed in ROUND
Thu, 08 Dec 11 3:46 AM 		Msg. 36882 of 45651

ribit,

re: "an attempt to create so much inflation that the debt becomes managable."

You might be joking, but if so, your joke was accidentally ACCURATE. The only alternatives to monetizing the debt are the even more odious 'debt default,' and some mix of default and monetization.

Monetization is how Weimar Germany got out of its little debt problem. Of course, there WERE a few side effects....

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