Friday, May 28, 2010

Your money, worth less

Even though the United States has debt obligations up the yin-yang, rest assured that the government won't go belly-up.
As Don Boudreax points out today, one of Obama's top economic advisers have admitted that their solution to our debts is simply to print more money to pay the debts. Of course, this has the consequence of making every dollar in your pocket worth less.
Thank you, Mister President! Bock, bock!

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