Wednesday, December 26, 2012

How Deficit Reduction Really Works

commentary by Roger Erickson

RM Mitchell: Here is how deficit reduction really works

Good point. Very blunt. For some, it's possible to go even further, and say:

"The Issuer of Fiat Currency isn't issuing as much liquidity units as the nation needs for ongoing commerce. Therefore, the issuer's advisors want all lower class citizens to give back even more of what little amount of liquidity units they've managed to privately save."

Are they daft? How do we grow commerce by draining liquidity? It's entirely misguided, and reflects personal tactics, not sane national strategy.

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