9.24.2008

Good precedent

Paulson and Bernanke know what they're doing. They have historical precedent. Just look at the other countries that have inflated their way out of a debt crisis: Argentina, Zimbabwe, and Weimar Germany.

You know, Mugabe and Hitler were bad, but not as bad as making Wall Street guys go without seven-figure bonuses.

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Inflation is always and everywhere a progressive phenomenon

Excerpt from a text conversation with a young "democratic socialist": DS: Every time the US has become progressive, the right wi...