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Politics : American Presidential Politics and foreign affairs
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To: Peter Dierks who wrote (44117)7/12/2010 8:20:14 PM
From: RMF  Read Replies (1) of 71588
 
Hey, it's TOUGH not to get economic growth if you squeeze the economy into a mini-depression through super high interest rates and then let them fall gradually while also pumping up the money supply by TRIPLING deficit spending.

The problem with that is that eventually interest rates can't fall any further without risking inflation, yet deficit spending can go on forever as long as nobody starts questioning your overall debt.

In the last 3 years or so the LATTER started happening, although myself, Ross Perot, Pete Peterson and several others had been predicting it for 20 years.
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