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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Alexander who wrote (10604)	2/1/2000 9:24:00 PM
From: DMaA	Read Replies (1) \| Respond to of 769667

If Americans suffer because the value of the $ drops relative to the currency of more efficient economies, this is simply another form of taxation. The great Milton Friedman taught us that how spending is financed is merely a detail, it comes out of taxpayer's hide one way or another. You can finance spending through borrowing, by debasing the currency, or by direct taxation. Obviously some taxes are better than others. But if you spend all your time fighting about how to finance spending, you've no energy left to fight the real battle - spending itself.