or an American state like California, inflate out of excessive spending and debt?
What could some unintended consequences be
if the European Union and/or the US federal government
intentionally inflate money supplies
to subsidize EU member and/or American state spending, debt and deficits?
Why would some oil exporters become reluctant to accept relatively lower prices
if the US federal government continues to amass unsustainable budget deficits?
We can guarantee cash benefits as far out and at whatever size you like,
but we cannot guarantee their purchasing power.
Alan Greenspan
Ron Paul: Are US Taxpayers Bailing Out Greece?
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