Summary: On The Glenn Show, Larry makes the case that government debt is much worse than you realize, and says Paul Krugman is suffering from "deficit delusion." He argues that we're making a serious error by not using the "infinite horizon" to calculate the fiscal gap. Larry contends that he's not making a conservative argument, but instead is defending the interests of future generations of Americans. Glenn and Larry discuss two delusions—those of supply-siders and demand-siders. Finally, Larry warns that the monetary policy pursued by Ben Bernanke will lead to hyperinflation.
