Monday, January 30, 2017

USA debt bomb to explode in our face

I think the [Federal Reserve] is going to try to inflate its way out of this problem, but it's going to inflate its way into a bigger one. You don't help the economy by spending money. To the extent that we need to repair our infrastructure, that's a cost that we have to bear. 

The fact that it creates jobs, that's not a good thing because we're diverting resources that we might otherwise have been able to use more productively to make necessary repairs to our infrastructure.

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