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This isn't meant to excuse deficits, youtube
Deficits by the monetary sovereign should be beats studio ebay pet supplies 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 beats studio ebay pet supplies sovereign overspends relative to taxation and the real online cheap beats by dre diesel vektr headphones on sale growth rate then only the monetary sovereign and its payees should suffer; i.e. the stealth inflation tax is abolished. online cheap beats by dre diesel vektr headphones on sale
*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" .
online cheap beats by dre diesel vektr headphones on sale 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
Exactly! That's what ethical money creation is about. Or if the banks (but not a central bank!) are still allowed to extend credit then beats studio information highway advisorythey and their entirely voluntary depositors and creditors must assume ALL the risk thereof.
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One could further emphasise money as flow vs.monster beats justin whalin pics 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 beats by dre ebay us and out of the real economy.
Real people act according to money as flow. We work contently when money flows in our direction and become distressed when disconnected beats studio information highway advisory from the flow. Our macro problems are largely due to broken circuits of money flow, also known as corporations and assets, and monetary easing is a poor substitute for this broken surplus recycling.
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