I would agree that deficits and inflation are immoral as well. Which is my point. You don't offset one crime by committing another.
As far as future generations. The way I see it, is very similar to what the Doc says. There will come a day when the dollar doesn't buy anything, and as a result a myriad of unforseen things will occur. Two very likely things will be the abolition of the Fed and all debt associated with it and its phony currency. The other is the establishment of a new sound currency. Once this happens, the new generation will have no debt whatsoever.
Want DP delivered to your inbox daily? Subscribe here: