Re: Ron Paul in Cowtown
Posted: Sat Apr 14, 2012 5:26 pm
What???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.