[lit-ideas] Correction to no subject
- From: Jack Spratt <dosflounder@xxxxxxxxx>
- To: "lit-ideas@xxxxxxxxxxxxx" <lit-ideas@xxxxxxxxxxxxx>
- Date: Mon, 5 Sep 2011 17:59:18 -0700 (PDT)
Correction, the word should be deflationary depression like in the 30's, not
inflationary. An inflationary depression is what it looks like we might be
facing today. It's different from the stagflation of the 70's. Inflation is
good for the national debt, it's one way that countries reduce their debt,
inflate it away.
So, pick your poison: a deflationary depression like in the 30's without
stimulus, or hyperinflation from too much money in the system that the Fed in
pushing in.
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