The Rich Have Accumulated Over $10 Trillion from Underpaid Taxes and Still Have the Chutzpah to Agitate for More Cuts, Charges Candidate to US Senate for Colorado
DENVER, Sept. 23, 2010 — The following is the second of a
four-part statement by J. Moromisato.
Who Gets The Money Government Overspends? Money Myths are
at the Root of America’s Decline (Part 2)
We tolerate a growing national debt because we are afraid
that if government prints the money it needs we would suffer
The fear of inflation is part of our money myths. Economists
have taught us, over and over, to fear inflation. But, for
some reason they never mention that nowadays inflation is
absolutely controllable by the Fed, nor do they mention the
effects of recessions, which are truly devastating, and
cannot be fixed by the Fed.