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Politics : View from the Center and Left

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To: Sun Tzu who wrote (378038)	7/23/2018 6:27:48 PM
From: cosmicforce	Read Replies (1) of 543684

Countries that mint currency with fiat money (as we do) have unlimited credit at the expense of inflation. Inflation drops the value of the dollar relative to other currencies and pushes us toward the lower cost suppliers in economic competitiveness. I'm not getting the stronger dollar part by selling bonds that deliver low interest. I agree that cheap credit will dry up and harm our economy ... that deal was the quid pro quo that we have been living since Clinton.

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