US policymakers remain oblivious to the economic and financial losses caused by unrestrained money and fiscal policies. Such a policy mix has not only caused a slowdown of the US economy, but it has spread economic recession to the rest of the world. As in previous bailouts and stimulus packages, the question of who pays for this stimulus package has never been asked. Of course, not one penny will come from Paulson, Democrat House speaker Nancy Pelosi, or Bernanke; foreigners perhaps, but most likely it will be shoplifting, that is, redistribution and forced inflation.
The belief that we can inflate our way to prosperity continues to be the only proposal being considered by our rulers.
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