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To: St_Thomas_Aquinas
Socialists prefer inflation, which is disguised taxation

Any sign that the US government is not doing it's utmost to fight inflation will also destroy US credit, as creditors watch the value of the debt owed to them evaporate.
7 posted on 02/24/2012 9:58:34 AM PST by AnotherUnixGeek
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To: AnotherUnixGeek

-—Any sign that the US government is not doing it’s utmost to fight inflation will also destroy US credit, as creditors watch the value of the debt owed to them evaporate.-—

That makes sense to me, but I don’t remember our credit rating being downgraded under Carter (13%,inflation)

Alternatively, I could see us going through an inflation/downgrade/inflation/downgrade/austerity/upgrade/inflation cycle indefinitely. This perma-depression seems like the worst possibility to me.


13 posted on 02/24/2012 10:12:46 AM PST by St_Thomas_Aquinas (Viva Christo Rey!)
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