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people will hate the burden of taxes left by this crisis

All depends on how the trillions were injected into the economy. Through government debt or through the creation of money (CB/Fed intervention). In the first case, we have a burden of taxes. In the second we have a burden of inflation. Each case brings its own set of pains to its own groups of people...

I personally think inflation is better than public debt. For one, it wipes away debt - which is already unsustainable.

by vladimir on Tue May 19th, 2009 at 03:46:28 AM EST
we had a debate here before as to whether inflation hit the poor more than the rich (my position) or the opposite. Maybe it's worth revisiting again...

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Tue May 19th, 2009 at 03:56:10 AM EST
[ Parent ]
But then you probably had a debate on every possible issue here :) Would you have a link pls, or a pointer on how to find it ? Thanks.

Free at last! Free at last! Thank God Almighty, we are free at last! (Martin Luther King)
by ValentinD (walentijn arobase free spot frança) on Tue May 19th, 2009 at 06:05:43 AM EST
[ Parent ]
There is hardly going to be inflation in consumer prices. The money was created mostly as a mortgage debt and that creates deflation, not inflation.
by kjr63 on Tue May 19th, 2009 at 07:29:17 AM EST
[ Parent ]

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