Think we can inflate away our debts in America? Think again

It amazes me that anyone is stupid enough to advocate inflation to solve our spending problem in the U. S. This is impossible because entitlement spending is indexed to inflation. The more inflation goes up, the more entitlement spending does as well. Do you want to read nitwittery in action? Read the argument on why higher inflation is good (Why is this person even writing a financial column?).

This entry was posted in inflation. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s