November 21, 2009

JERRY POURNELLE: “The present administration seems determined to continue its policies while protesting that cutting the deficit is of primary importance. One wonders how we can increase spending and cut the deficit. The only way I know is to run the printing presses. We live in interesting times. I thought Weimar Germany already ran that experiment; apparently they don’t teach much history now. The Health Care Bill will now be debated. The price of getting enough votes even to debate it was billions in new deficits. I do not know what the final result will be, but adopting that bill in any form will make the deficit higher, and runaway inflation even more likely.”

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