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am very much worried that it will be impossible to stop the growth of government spending, so that there will be an enormous, and probably irresistible, temptation to inflate to reduce the real value of the debt, and to raise taxes on higher income persons. Both of these will have negative effects on the growth rate of the American economy.

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I agree that some things probably could be done differently and to greater effect


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Nor do I believe that the huge increase in federal government spending, on the stimulus programs and to help the banks, will be a major cause for concern, as long as American GDP will grow at a much more rapid rate during the next decade than will government spending.

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Nor do I believe that the surge in administration investing, on the incitement applications and to help the financial institutions, will be a significant cause for issue, provided that United states GDP will develop at a much more fast amount during the next several years than will govt investing.

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How nice this article is and how easy it is to understand your points on this topic.

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