Henry Thompson


Increased money supply to make payments on the government debt promises inflation over the coming decades. Government deficits of 10% of income contribute to the debt exceeding yearly national income. Taxpayer support of medical care, disability, and other programs are increasing. A dollar will be worth 60 cents after 10 years of 5% inflation. Starting at 20,000 in 2020 the Dow-Jones average will have to reach 32,600 in 2030 to keep pace with 5% inflation! Zero inflation requires a balanced government budget.