Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Why the U.S. can't inflate its way out of debt [CNNMoney]

Thursday, March 11, 2010 - 12:55 PM
From CNNMoney.com
It's dawning on people that getting a handle on burgeoning U.S. debt will be a long and hard process. So if lawmakers can't agree on a credible plan, some have suggested that the country could just "inflate its way" out of its fiscal ditch.
I'm glad to read many are warning against trying to inflate our way out of the debt. High inflation can especially hurt savers and retirees.
1
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,249
1. Thursday, March 11, 2010 - 3:49 PM
Well, if the rates shoot up to around 15% as they did back in the early 1980s, then I am going to lock into the 30 year bonds as much as I can.
1
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,927
Reply