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
 accelerated inflation.
 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.

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