[lbo-talk] Tuff Lib'rul

dredmond at efn.org dredmond at efn.org
Thu Jan 29 23:33:08 PST 2004


Quoting Bill Bartlett <billbartlett at dodo.com.au>:


> from tax dollars. Unless it isn't ever repaid, in which case extra
> currency has been created and existing currency must effectively be
> worth less.

Not necessarily. You could invest in schools, science, infrastructure and many other fine things which garner a long-term social return, as opposed to just printing money.

Hyperinflation would be great for us overindebted, asset-light credit-serfs, though.

-- DRR



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