Thursday, March 24, 2011
Dear neo-Keynesians II: Should an IOU backed by faith and credit, remain relatively stable, as long as faith and credit exist?
If a nation prints more money,
like cutting a 16 inch pizza into 12 slices instead of 8,
is each slice worth less?
What if the pizza shrinks while the number of slices rise?
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NEWSBUSTED at NEWSBUSTERS.ORG 2-18-2015