December 04, 2004

Choose Your Own Adventure

One of these things is worse than the other:
a)An economic slowdown that would result from raising taxes enough to close the deficit and preventing the dollar from declining even further.

b)An economic slowdown that would result from the interest-rate hikes made necessary by the rapidly declining dollar.
At what point does it become clear that the U.S. may have to pick from the least bad of these options? Pretty soon, it seems.
-- Brad Plumer 4:37 PM || ||