Deflation: Nothing to Fear - Jeff Bonn - Mises Institute: "You would not suggest giving a teen who has just maxed out their first credit card more credit so they could somehow spend their way out of the financial hole they have made, nor will this approach work for a business or a nation."Somehow people think it is okay for the government to be in debt. I know some Republicans who don't mind the huge increase in debt because somehow higher taxes were avoided. I guess the debt is harder to see and an increase in taxes is easier to see, so the thing that is harder to see is somehow less evil.
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