Inflation Doesn't Pay Anymore
DECEMBER 02, 2010 by SHELDON RICHMAN
Filed Under : Inflation
Jeffrey Rogers Hummel and I have an opinion piece today at Forbes.com titled “Inflation Doesn’t Pay The Government Like It Used To.”
[T]he bottom line is that inflation’s effect on the national debt will no more be able to resolve the escalating U.S. budgetary problems than would an excise tax on chewing gum.