[lbo-talk] liberal austerity

Carrol Cox cbcox at ilstu.edu
Sun Apr 26 05:25:56 PDT 2009


Doug Henwood wrote:
>
>
> Max, have you ever met a deficit you don't like? Surely the sort we're
> seeing this year and next isn't sustainable. Should we worry about
> paying it down, or just forget about it?

How great/long a hyperinflation would it take to wipe out the debt & start with a clean (!) slate?

And what would happen when the inflation ended?

Carrol



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