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<p>[QUOTE=&quot;model77, post: 1482837, member: 34102&quot;]If deflation happens it will be harder/impossible for Uncle Sam to service his huge debt. As long as he owns a printing press he will fire it up to prevent deflation and even encourage inflation as to make the debt easier to pay. As usual the irresponsible will be rewarded and those that have stayed out of debt and saved will see thier savings inflated away. </p><p><br /></p><p>Deflation may be a real threat, but I would expect it would be a temporary one that would be quickly corrected and likely over-corrected. </p><p><br /></p><p>embracing deflation would be excepting out fate and allowing the reset to begin. All Sam&#039;s money would go to servicing the debt which means no entitlements, which means no reelection. Inflation equals less and less value in the dollar until it becomes so worthless noone will accept it anymore. We can take the short path or the long path but they both end at the same cliff. Maybe it will be a hundred year walk, but I think a lot of really wonderful things would have to happen to give us much more time.[/QUOTE]</p><p><br /></p>

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