One single legislative act will stop government overspending in its tracks. In 1978, Representative Jack Kemp (R-NY) proposed legislation (which had no chance of passage in Tip O’Neill’s Democrat Congress) designed to stop the government from defrauding investors with inflation: bond indexing. The measure would have the additional value of discouraging government spending.
Let's Honor Kemp with Inflation-Indexed Bonds
Let's Honor Kemp with Inflation-Indexed Bonds
Let's Honor Kemp with Inflation-Indexed Bonds
One single legislative act will stop government overspending in its tracks. In 1978, Representative Jack Kemp (R-NY) proposed legislation (which had no chance of passage in Tip O’Neill’s Democrat Congress) designed to stop the government from defrauding investors with inflation: bond indexing. The measure would have the additional value of discouraging government spending.