Just when you think he’s making progress:
> (email exchange)
> On Thu, Feb 3, 2011 at 1:41 PM, Cullen wrote:
> After a glimpse of hope from some of Bernanke’s speeches late last year
> he appears to have suffered some sort of memory loss as he is once again
> talking about the dangers of the govt debt:
By definition, the unsustainable trajectories of deficits and debt that the CBO outlines cannot actually happen, because creditors would never be willing to lend to a government with debt, relative to national income, that is rising without limit.
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