End of the Republic

The American Republic is in decline. The decline is self-inflicted, a sort of suicide by choice. Why are people deciding to follow the "Road to Serfdom" over the "Road to Freedom"?

Location: Chesapeake Beach, MARYLAND, United States

Wednesday, December 17, 2008

National Debt Clock

Added to the blog, on the left.

What happens in deflation: The real value of your debt rises. If you have debt of $1,000 and now are earning less due to deflation, your debt becomes harder to pay off.

What happens in inflation: The debt value is $1,000, but your earning increase meaning it is easier to pay the debt.

Why do you think the government is gung-ho against deflation?


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