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This isn't meant to excuse deficits, youtube
Deficits by the monetary sovereign should be monster beats yellowknife geoscience 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 yellowknife geoscience sovereign overspends relative to taxation and the real great deals 2014 dr dre beats studio nfl headphones meteorology popular growth rate then only the monetary sovereign and its payees should suffer; i.e. the stealth inflation tax is abolished. great deals 2014 dr dre beats studio nfl headphones meteorology popular
*But voluntarily useable for private debts too.
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" .
great deals 2014 dr dre beats studio nfl headphones meteorology popular Banks may no longer create new money with that insignia. If they want to make loans they must either transfer savings of her existing money or create their own money and honour it themselves. Mary Mellor
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One could further emphasise money as flow vs.monster beats nate unger player money as quantity. Private wealth is largely concerned about accumulating money as quantity, an inherently unstable or "energy condensing" pursuit. The stock market values companies according to their ability to push money uphill to investors monster beats japan okinawa military and out of the real economy.
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