DebtsNMesses

Inflate, Deflate or Default

Um. Didn't Russia have a credible military force in the 90's?

Inflate, Deflate or Default

"...with the wildcard being the propensity of Uncle Sam to print his way out of this mess. Deflation, though it may be painful, is the far superior choice to the other two (inflation or deflation)."

Uncle Sam is doing a bailout by borrowing money, Paulson is increasing money supply through billions in short term loans, and Ben will lower the rates. The wild card is going to prove to be a wild ride!

I'm betting the "H" word.