Bill Bonner View the original article. February 08, 2010 04:00 PM What a delight it would be to have some inflation! Yes, dear reader, that’s the real reason that fiscal stimulus appears to work. That is, that’s the reason inflation can sometimes boost employment. It creates inflation. And inflation lowers wages. Lower wages make it cheaper to hire people. And they make US output more competitive on the world market – so exports tend to increase. And one other thing. Inflation reduces the debt burden. Right now, debt is crushing the private sector…and the whole economy. But it will soon crush the public sector too. Nouriel Roubini says government debt is a “ticking time bomb.” He’s right. That’s why the government would love to have some inflation. Trouble is, inflation is harder to conjure up than you might think. The more we see the Geithner, Bernanke, Summers team in action, the more convinced we are that the nation is headed for serious trouble. Alan Greenspan was a knav...