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View Diary: NYT: It's Krugman Vs. Reinhart & Rogoff, Who Trivialize Their Incompetence And Attack “Left” (246 comments)

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  •  And inflation gets too high, people yell at (8+ / 0-)

    their Congress, and the currency gets withdrawn, and inflation goes down.

    Don't have the exact figure handy, but since we handed over issuance to the Fed in 1913, inflation has been something on the order of 2,100%. And nobody gets to pressure the Fed.

    iirc, the Populists of the 1890s wanted a State Bank which would issue loans at low, and non-compounding, interest. To cover the bad loans. So there's another route to getting the currency into circulation.

    Actual Democrats is the surest, quickest. route to More Democrats

    by Jim P on Fri Apr 26, 2013 at 08:55:27 AM PDT

    [ Parent ]

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