Tuesday, June 16, 2009

Negative unintended consequences

In this article in the New York Times, we see some of the unintended consequences of the current administration's spending. If other nations, especially large ones with power in the world, are scared of the value of the dollar, the implications could be bad. If we are not able to roll over our debt, if our treasury bills are not viewed with the same safety as usual, the United States is in trouble, to be perfectly honest.

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