tag:blogger.com,1999:blog-2761684730989137546.post3490443003638601003..comments2024-03-28T04:13:36.779-04:00Comments on Mike Norman Economics: Bill Mitchell — US labour market – floundering now despite modest gainsmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-67572428578938060822020-10-05T10:47:22.154-04:002020-10-05T10:47:22.154-04:00And this has the knock-on effect of debt deflation...<i>And this has the knock-on effect of debt deflation as non-performing loans increase ... </i> Tom Hickey<br /><br />Actually, it's performing loans that destroy deposits, not non-performing loans.<br /><br />Then, anti-deflation-wise, it'd be good it everyone defaulted on their bank "loans"?Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.com