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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (25977)	2/7/2005 8:53:05 PM
From: Elroy Jetson	Respond to of 110194

The only method available to keep the Monetarist debt bubble going is by creating ever larger mountains of debt. Since consumer's appetite for additional debt is diminishing, the Bush Admin needs to create an excuse for the government to take up the slack and rapidly create huge new quantities of debt. "U.S. government could borrow $754 billion in the next decade to help finance private accounts for Social Security without hurting the U.S. economy with higher budget deficits." Dick Cheney, care-free bon vivant and economic illiterate But this only postpones the inevitable. As Harvard economist Joseph Schumpeter said a long time ago, "policy does not allow a choice between depression and no depression, but between depression now and a worse depression later". .