"Wayne.B" wrote in message
...
On Thu, 8 Jul 2010 17:47:10 -0700, "nom=de=plume"
wrote:

I listened to David Frum on NPR. He had an interesting take on inflation,
basically saying that mild inflation would take a big bite out of the debt
situation.

It will also take a bite out of your life savings and fixed income if
you have any. Inflation is a hidden tax on the thrifty.


Well... sure. It's an issue. It still seems better than deflation, which is
his point.