Santayana’s maxim — those who refuse to learn from history are doomed to repeat it — has grown threadbare from heavy use. But it unavoidably comes to mind this week, as President Barack Obama and his fellow Democrats on Capitol Hill blithely put the final touches on the chief executive’s proposed 2010 federal budget.
With an unprecedented deficit that’s approaching $2 trillion, this budget proposal is a surefire prescription for hyperinflation. ...
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Monday, May 4, 2009
Get ready for Obama’s coming hyperinflation
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