Artificial debt inflation is like heroin. The Keynesians correctly pointed out that going off of heroin causes you a heck of a lot of pain. Therefore, their s

Artificial debt inflation is like heroin. The Keynesians correctly pointed out that going off of heroin causes you a heck of a lot of pain. Therefore, their solution is to never stop shooting heroin. Their cure for withdrawal is more heroin. This is good in the short term, but fatal in the long term. Unfortunately, the Keynesians deny that shooting heroin can even be a problem. The Austrian position is that 1) we should not start using heroin in the first place and 2) if we find ourselves on it, we should quit cold turkey. This may be a good idea for a mild debt (heroin) dependency, but after the inflation of World War I and the 1920's or the inflation we've had the past few decades, going cold turkey causes a great depression. Therefore, I'd prefer we'd check into a methadone clinic, gradually wean ourselves off the heroin, and make sure to never shoot up again. Not very likely to ever happen.