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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 beats studio features renowned 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 features renowned sovereign overspends relative to taxation and the real beats studio ebay global golf growth rate then only the monetary sovereign and its payees should suffer; i.e. the stealth inflation tax is abolished. beats studio ebay global golf

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  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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  5. December 14, 2013 at 7:03 pm

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  6. December 20, 2013 at 1:27 am

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    One could further emphasise money as flow vs.beats studio impedance factors of 24 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 mixr coupons online 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 ferrari theme for windows 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.

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




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