Tuesday, April 27, 2010

Roger Mitchell ("Free Money"): it's ok to print money for social security, Medicare benes

Here’s an interesting perspective from Roger Mitchell (“free money”) on “saving” social security and Medicare. Basically, print more money. Become like Argentina. Mitchell argues that still our biggest threat is deflation, not inflation. The link for his treatise is here.

He proposes extending Medicare for all Americans and writes “ The solution is to make it possible for all Americans to pay more for medical care, not less.”.

Yet, tonight on NBC Nightly News, Brian Williams mentioned new calls to cut social security and Medicare benefits to bring down the burden on the national debt, without a full video story or recognition of the accounting gimmicks behind the social security trust fund.

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