James K Galbraith : In Defense of Deficits

[d4rt]

http://www.thenation.com/doc/20100322/galbraith/single

[d4rt]

I submitted this because it's a different viewpoint to those I've seen previously.

The point that countries with debt denominated in their own currencies are in a stronger position than others is valid, but I question the assertion that if inflation becomes the order of the day that there will always be buyers for sovereign debt.