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Thursday, March 11, 2010 - 12:55 PM
Why the U.S. can't inflate its way out of debt [CNNMoney]
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.
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