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.
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Sunday, April 28, 2013
Art Shipman on Reinhart-Rogoff. What about private debt?
More on Reinhart & Rogoff. What about private debt?
Read the first post below before the second. They go together.
And there is no govt plan to provision that large 'net liability cohort' with balances to be able to pay the P&I... eventually it just shuts down...
ReplyDeletersp,
Well, the "government" plan is the one written for them by the 1%.
ReplyDeleteIt proposes that the 1% own the public currency supply, and then lease fiat to the serfs .. er, "citizens". :(
Private debt isn't important because that's how banks make money? And because economists must kow-tow to the banks?
ReplyDelete