Can monetary inflation reduce the federal debt?

posted by
January 12, 2011
Downsize DC
by Perry Willis  
Posted in Commentary

"NOMINAL is a fancy word for NAME. Economists like to use this word, nominal, because, even though you may name something a dollar, not all dollars are necessarily worth the same amount. They may have the same name, or deNOMination, but NOT the same value." (01/11/11)

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