Wednesday, July 13, 2005

INFLATION LEADS TO DEFLATION

MISES ARTICLE


Now I also see GOV is "touting" falling budget deficits, LOL. Surely THESE DO NOT nor have they EVER included cost of IRAQ INVASION!!

And it wouldn't surprise me if the figures are "ESTIMATES" based on the 2002- 2005 recovery like that of the tax receipts leading into 2000 caused EXTROADINARY miscalculations and errant assumptions going forward the next 10 years.

And I am sure the deficits we will actually end up with will pale with what we are told they will be.

All this happening under the umbrella of the BUSH 10 yr tax cuts, what is one to think?

Duratek

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