Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Norse
I like having the government in debt to us.

Since they (government) control the currency and can inflate away the value of the dollars they pay to Americans, I'd say your assessment has to be one of the dumbest things I've heard.

Richard W.

8 posted on 07/24/2003 9:21:39 AM PDT by arete (Greenspan is a ruling class elitist and closet socialist who is destroying the economy)
[ Post Reply | Private Reply | To 3 | View Replies ]


To: arete
Sure they can inflate away the value. But I would rather have it this way than the government using a surplus to buy into the private sector. Anyway, obviously the government doesn't have an inflation agenda, seeing how the dollar has actually increased in value over the past 5 years until recently.

Not to mention that it is virtually impossible for this u.s. government to have an inflation agenda, as the different parts of government are so separated from each other that would create huge conflict and it would simply not happen.
14 posted on 07/24/2003 12:49:48 PM PDT by Norse
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson