Paying for other people’s debts
Sunday, May 23rd, 2010 at
04:17
Fading of inflation helps buyers and borrowers
Fading of inflation keeps rates low and makes it cheaper to buy a car or refinance a mortgage
Paying for other people's debts
So Greece is broke. As are Portugal, Spain, Ireland, maybe Italy, maybe Great Britain, and pretty much everybody except Germany. And don't let's look too closely at the state of the American government's finances.
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