Al wrote:This was a "scary" video but it makes sense... basically he says we should take our tough medicine now (from years of reckless borrowing and spending by consumers and the gov't) and not pass any stimulus bill. The stimulus will ultimately make things even worse. Eventually the gov't won't be able to borrow anymore like they do now... and we could see hyperinflation.
Peter Schiff: Stimulus Bill Will Lead to "Unmitigated Disaster"
josh wrote:It is easier to deflate than inflate...I think. I dont think inflation is on any one's list right now with 8% unemployment and negative GDP. I agree that much of the stimulis is junk...but I dont think you can just say that the govt shouldnt do anything at all.
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