President Bush says free money is on the way. Don't laugh when you pocket the fresh capital from the government, because the joke is on you. The treasury is empty - new dollars were printed for the project - and the increased amount of currency in circulation is inflation that cheapens the value of our money. This will cause rising prices. Inflate the currency and you raise prices, just as surely as power corrupts.
Of course the economy will get a boost, as will prices and future taxes. Short term joy; long term misery.
It's all so simple.
Friday, April 25, 2008
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