From Newsmax:

You probably wouldn't expect an economist who served in the George W. Bush administration and one who advised John McCain to advocate increased inflation.

But that's exactly what Gregory Mankiw and Ken Rogoff recommend for the economy, Bloomberg reports.

They say higher inflation would ease the debt burden of consumers and the government. It could also boost consumer spending, thus helping the economy to recover.

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More on the destruction of the U.S. dollar:

China's big dollar secret is revealed

Forget gold... this is how China is fleeing the dollar

Star China analyst Xie: "If China loses faith the dollar will collapse"