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Politics : PRESIDENT GEORGE W. BUSH
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To: Wayners who wrote (490818)11/11/2003 2:12:51 PM
From: DuckTapeSunroof  Read Replies (2) of 769670
 
The only way that can work is if we run inflation high enough to devalue those Treasury bonds... 'paying them back' only in devalued currency.

And that will only work as long as the bond buyers don't catch on to the scam.

Bond investors - as a whole though - are more knowledgeable than equity investors. They'll catch on fast as soon as inflation works it's way through our system (commodity prices are already climbing fast...), and then they'll force long rates sky high.
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