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, June 25, 2017
Warren Mosler — Credit Check
US domestic private credit continues to be weak.
The Center of the Universe Credit Check Warren Mosler
Why do we call it "capitalism", i.e. based on equity, when the economy is largely driven by credit/debt created by a government-privileged usury cartel?
Why is it called "capitalism" when the savings/equity of the poorer/less so-called credit worthy are bypassed/diluted by purchasing power creation for the richer/more so-called credit worthy?
Why do we call it "capitalism", i.e. based on equity, when the economy is largely driven by credit/debt created by a government-privileged usury cartel?
ReplyDeleteWhy is it called "capitalism" when the savings/equity of the poorer/less so-called credit worthy are bypassed/diluted by purchasing power creation for the richer/more so-called credit worthy?