tag:blogger.com,1999:blog-2761684730989137546.post3427868601514568841..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: U.S. Consumer Debt Hits All-Time High: Borrowing Rises To $2.7 Trillionmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2761684730989137546.post-3486114232612314122012-12-08T15:25:07.855-05:002012-12-08T15:25:07.855-05:00Paul,
Exactly. We are brainwashed to believe that...Paul,<br /> Exactly. We are brainwashed to believe that the govt that can get all the money it needs is somehow broke AND shouldn't be allowed to "borrow" But it is OK and preferred that for the people to borrow when can't get the same money.<br />netbackerhttps://www.blogger.com/profile/00216448466948034808noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-55290240279833366372012-12-08T08:09:10.398-05:002012-12-08T08:09:10.398-05:00"The reason the private debts are high, esp w...<i>"The reason the private debts are high, esp with student loans,"</i> - netbacker<br /><br />I think this has more to do with our absurd policy of making our kids pay for education. This is privatization in the extreme.<br /><br />And yes, the meme that "we are running out of money" or "can't afford it" helps promote these privatization schemes.paul melihttps://www.blogger.com/profile/04604543110795683837noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-76433009761486075772012-12-08T03:37:56.094-05:002012-12-08T03:37:56.094-05:00I mean they don't expressly link these two deb...I mean they don't expressly link these two debts together. The reason the private debts are high, esp with student loans, is because in the belief that the Govt is broke, we reduce funding to education and instead allow banks to make loans to students to go to college. netbackerhttps://www.blogger.com/profile/00216448466948034808noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-88915848640851849172012-12-07T23:33:45.698-05:002012-12-07T23:33:45.698-05:00MMT always says that the government should spend t...MMT always says that the government should spend to get to full employment, and that requires satisfying the public's desire to save in the currency. If the public is deleveraging, the desire to save is very high.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-71360333559296260772012-12-07T21:47:37.669-05:002012-12-07T21:47:37.669-05:00What???
We talk about that very thing here pretty...What???<br /><br />We talk about that very thing here pretty much every day.paul melihttps://www.blogger.com/profile/04604543110795683837noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-80989101702110754232012-12-07T21:28:37.118-05:002012-12-07T21:28:37.118-05:00How come none of the MMT promoters focus on Privat...How come none of the MMT promoters focus on Private debt and the problems it is causing? I think a narration like "Our Government cannot go broke, but the people can and will if the govt does not act" would help.<br /> netbackerhttps://www.blogger.com/profile/00216448466948034808noreply@blogger.com