Wouldn't monetizing a portion of the national debt serve to stop this deflationary spiral while at the same time being genuinely helpful to future generations? I mean, couldn't you try to peg the dollar to gold and monetize the debt to make the peg hold? Wouldn't that be true price stability?
I realize that there's no chance of this happening with a Fed chairman whose worst fear is "wage inflation" (God have mercy on us all).
James in Philly
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