What Could Go Wrong? Only Danger Is The High Probability Of (Trying To) Return To A Feudal Serf System. :(

(Commentary posted by Roger Erickson)

Warren Mosler: ECB proposals to buy loans to households and companies

"This is highly problematic.
If the ECB takes the risk, there is extreme moral hazard. 

If they don’t, [it's likely that net lending to consumers] won’t increase:"

Surely there are OTHER ways to raise aggregate demand among consumers? More income? Less taxes? Less fees? Less incentives to save excessively? Yada, yada? More Public Initiative?

Who runs these countries? The public? Or the public's nominal accountants?

Moral Fiber bypassed by Google Fiber

Forget Moral Fiber. The scalable underpinnings of that in a large, growing population depend upon a new level of fiber, such as Google Fiber.

In all honesty, why the heck can't we just extend our national initiative to bring this level of fiber to every US household ... ourselves? Why depend on individual companies to voluntarily provide the bare minimum?

This would likely be better done in reverse. Google, please help bring some moral fiber to Congress, so they'd bring Google-level fiber to all US citizens, pronto?

Okay, it's true that it's our own fault. Google, just help bring some more fiber to the US electorate, so they'd send Congresspeople with moral fiber to Congress.