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Politics : View from the Center and Left

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To: Paul Kern who wrote (103408)	2/6/2009 11:46:08 PM
From: Steve Lokness	of 542073

Krugman said the consumer-driven economy faces at least a $2 trillion short-fall in demand The humty dumpty thinking. Krugman wants to put humpty back up on the wall as if everything is grand again. ........One of the biggest reasons the economy came to a screeching halt was because of the huge debt people were carrying. That needs to be worked down - not worked back up by getting them to spend 2 trillion dollars. paul, how are you going to get people to do that? Give them food stamps? Condoms? It's nonsense. Inflation does not happen if you print money and it just sits there. There is no imminent inflation threat from any of this. Inflation is not top of the agenda,' he said, Krugman is way wrong again. Printing money is the very definition of inflation. Long article in todays Wall Street Journal on the dangers of inflation by printing money. Editorial page titled Why 'Stimulus' Will Mean Inflation check it out. steve

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