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  1. December 12, 2013 at 3:05 pm

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  2. December 12, 2013 at 3:18 pm

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    • F. Beard
      December 12, 2013 at 3:44 pm

      This isn't meant to excuse deficits, youtube

      Deficits by the monetary sovereign should be monster beats kabel control talk the norm, not the exception. Otoh, fiat should only be legal tender* for government debts, not private ones. That should optimize the fiat creation rate since if the monetary monster beats kabel control talk sovereign overspends relative to taxation and the real beats studio download unikey 4 growth rate then only the monetary sovereign and its payees should suffer; i.e. the stealth inflation tax is abolished. beats studio download unikey 4

      *But voluntarily useable for private debts too.

  3. December 12, 2013 at 3:22 pm

    I put the "not" in the wrong place. I meant to say that a deficit in the public sector is defined as "going into debt" while a deficit in the household sector is defined as "not paying debt obligations when the payments come due" .

  4. F. Beard
    December 12, 2013 at 3:23 pm

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    The sooner economics becomes a science of graphs and flow, instead of scalar aggregates, the more relevant and useful it will be beats studio download unikey 4.




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