Better than the alternative? Are you kidding me? I'd take deflation over the ravages of inflation any time!
It is with more than a hint of malice that I hope the debt holders of this world get a serious caning over the next couple of years. Unfortunately, a reprieve will come only too quickly for the clowns who put us in this hole in the first place. Alas, I fear the flood of cheap dollars is coming.
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