An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
If it bailed out indebted households that almost certainly would help. L Randall Wray
An equal and universal bailout of the entire population, including non-debtors, is more just and politically speaking who would complain especially if it could be done without causing significant price inflation?
And it would fix everyone from the bottom up. Who can sanely oppose that?
F. Beard, I don't think anyone here opposes that…some of us just may have different ideas wrt the method.
Our purchasing power has been co-opted by the credit cartel I agree…the "cartel" part is starting to sound like fingernails on the blackboard though. :-)
6 comments:
Oh geez...here comes the hyperinflation.
If it bailed out indebted households that almost certainly would help. L Randall Wray
An equal and universal bailout of the entire population, including non-debtors, is more just and politically speaking who would complain especially if it could be done without causing significant price inflation?
And it would fix everyone from the bottom up. Who can sanely oppose that?
"Who can sanely oppose that?"
F. Beard, I don't think anyone here opposes that…some of us just may have different ideas wrt the method.
Our purchasing power has been co-opted by the credit cartel I agree…the "cartel" part is starting to sound like fingernails on the blackboard though. :-)
Well, non-debtors would scream bloody murder if only debtors were bailed out. And they have a point, the banking system has cheated them too.
I think they need the income and may be facing some unforseen increases in prepayment speeds in their MBS portfolio...
rsp,
"Everything the government dissaves (deficits) the rest of the world saves. Equal and opposite."
HA HA HA! Equal and opposite!
Same old confusion!
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