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RE: [Pen-l] Rogoff: Saving the system will cost one to two trilliondollars

Paul Burkett makes the same argument, in part based on earlier Latin
America, which the US is coming to resemble.

I guess I shouldn't be surprised, since I heard him on the radio awhile
back saying that hyperinflation typically arises not from an
excessively increased money supply (which is just a symptom) but from
a government being unable to balance its budget due to domestic
conflicts...
-- 
Jim Devine / "Nobody told me there'd be days like these / Strange days
indeed -- most peculiar, mama." -- JL.
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