A Platform Of Sound Economics For RFK To Run On, Part 3

There are two ways to finance large, chronic Federal deficits—either in the bond pits out of private savings or at the Fed’s printing presses out of fiat credit. The former pushes interest rates higher and crowds out growth-fostering private investment, while the latter fuels financial bubbles on Wall Street and CPI inflation on main street. […]
You must be a Stockman's Corner member in order to view this post, subscribe to Monthly Subscription, Quarterly Subscription or Annual Subscription.