Ron Paul in Cowtown

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gemini
Senior Member
Posts: 1104
Joined: Tue Dec 16, 2008 3:01 pm

Re: Ron Paul in Cowtown

Post by gemini »

Beiruty wrote:Monetary policy === induced inflation, or devaluation of the dollar == leverage on the cost of US Federal debt.

Loaning at 0% with real 3% inflation rate == 3% devaluation of the US dollar == 3% discount on US Federal debt

Citizens are carrying more paper bank note, strike-out paper, electronic money.
What???
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