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Re: Ron Paul's Creative Solution to the Debt Ceiling Impasse! Wow!! This makes SO much sense! Let's make this guy President!
By: Decomposed in
ROUND Mon, 04 Jul 11 12:00 AM
re: "Wouldn't deflating M1 benefit all and strentghten the country"
In the long run, yeah. But in the short run, it would boil down to how you're defining the word "country." Savers would benefit, but the shortfall and resultant stronger dollar value would be brutal on those carrying debt, those hoping to incur debt, and those trying to sell goods overseas.
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