“A government can give all the people something for nothing by simply printing more money. This doesn’t work, because it makes all the money worth less, as it did in Weimer Germany, Carter America, and Yeltsin Russia. Inflation is a
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“Finally, a government can give us something for nothing by running a deficit, by borrowing money from everybody and then giving everybody his money back, plus interest. This is obviously stupid and exactly what we have been doing for decades
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