Sickness Unto Debt (Ron Paul)

Ron Paul writes an excellent column for the Slate blog The Big Money on why the Treasury bailout will only exacerbate red ink and inflation:

One of the burning questions regarding the recently passed bailout, and the one that almost no one has bothered to answer, is how the government intends to pay for it. Governments have three main methods by which they can raise funds: taxation, printing new money, and debt. As our $10 trillion national debt shows, the federal government has always enjoyed raising money by issuing new debt. Money is gained upfront, while the cost of repaying that debt is pushed onto future generations.

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