Re: Stimulus: Something for Everyone
by Macrocompassion
The writer of this article is aware that to enact this plan the National Deficit will rise and more money will have to be borrowed. From where is this to come? Already we have a credit squeeze with mortgages fore-closing and banks running out of money. Without a better form of income from something that is still there our government is going to be even more broke than at present. I know, lets inflate the currency! Then all those whose money has already been saved will loose because it will have less value in terms of what it will buy and all those in debt (including our government) will gain. Our exported goods will cost more and our imports be cheaper, further de-stimulating the production side of the economy.
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