The Idiotic Economic Theory That’s Causing Governments to Blow Up Their Economies
WashingtonsBlog.com
December 2, 2014
No, We CAN’T Inflate Our Way Out of a Debt Trap
Top mainstream economists have pushed the theory that we can inflate our way out of a debt crisis.
Ben Bernanke and Paul Krugman said in 2009 that we should force inflation on the economy. University of Oregon economics professor Tim Duy said the U.S. will try to inflate its way out of debt.
Warren Buffet argued:
A country that continuously expands its debt as a percentage of GDP and raises much of the money abroad to finance that, at some point, it’s going to inflate its way out of the burden of that debt.
A top advisor to the French President said that the United States was “flooding the world with liquidity” to try to inflate away its debt.
The Rest…HERE