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Old 02-17-2009, 02:20 PM   #14
Sylvanfan
Appealing my suspension
 
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Join Date: Sep 2002
Location: Just outside Enemy Lines
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My boss was reading a book called the Ascent of Money and I read a couple chapters while he was napping at the Airport one day. What the book touched on was that by doing all this spending it will just lead to a devaluation in the US dollar and cause inflation. In essence by devaluing their currency and creating inflation it would in turn make the debt value worth less. If you consider the costs of most basic things in the US compared to Europe or Japan, they could handle a bit of inflation to bring costs in line with what the rest of the world pays for goods.
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