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Deficit Reduction and the Coming Inflation?

Thursday April 18th, 2013   •   Posted by Carl Close at 12:23pm PDT   •   2 Comments

Would a higher rate of inflation be a worthwhile tool for lowering the federal deficit? Some in Washington, DC, think so. In a blog post written last month, Doug Elmendorf, director of the Congressional Budget Office (CBO), makes the case that greater inflation would raise revenue more than it would raise spending. Here’s an…
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