We've used up a lot of bullets. And we talk about stimulus. But the truth is we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
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Truth lives in fact for the most part on a credit system. Our thoughts and beliefs pass so long as nothing challenges them just as bank-notes pass so long as nobody refuses them.
