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View Diary: Don't fear Mr. Turtle (145 comments)

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    inflation only occurs when the cost of borrowing rises.  With the cost of borrowing free, $1 trillion is unlikely to cause more than a blip in inflation rates, considering our entire economy is upwards of 50 trillion.  That would a mild 2% inflation.  Current rates are 1.76%...  the typical healthy inflation is between 2-4.5%.  Hell, mint an extra trillion and invest in public works while your at it mr. president!

    95% of all life forms that once existed on earth are now extinct. It is only a matter of time until the Republicans follow suit.

    by PRRedlin on Mon Jan 07, 2013 at 08:52:20 AM PST

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