managed wage inflation as growth tool :
right now we can use a wage boom
to shrink the national debt structure
down to size !
heat up the job markets with a 500 billion dollar quarterly transfer pay out binge
and keep it going till we hit 2 % UE
----------------------------
chinn music strikes a major chord
"Reducing the debt burden through
inflation would be simple and across
the board — and, unlike a formal
restructuring, would not create a
circus of interest-group politics
that alienated the public and opened
the door to bank runs."
http://www.milkeninstitute.org/publications/review/2012_7/05-11MR55.pdf
both authors join the project prometheus band wagon
