Posted 5 years ago on Oct. 10, 2011, 11:25 a.m. EST by ancillary
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More inflation = more employment (though reduced spending power) and a reduced real burden of debt such as student loans or home loans.
The populists in the late 19th century had it right when William Jennings Bryant delivered the "cross of gold" speech.
The only way out of debt is inflation, but the Republicans are ideologically hidebound and are actually threatening the Fed.