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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (508605)8/28/2009 4:31:46 PM
From: SilentZ  Read Replies (3) of 1577195
 
>That's why I think inflation is inevitable. In the absence of other solutions, inflation will be the only way the debt load will be "reduced."

But that's assuming that the debt load needs to be reduced quickly. It doesn't. It can't get out of control, of course, but even if the projections that we're going to add on $7 trillion worth of new debt in the next 10 years are true, and don't think that's inevitable, we'll still have a debt/GDP load comparable to those that we've managed in the past, and we have a lot of international leverage. Inflation is not inevitable. It could happen, but I don't think it will as long as the countries holding our debt still think our debt is worth holding.

-Z
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