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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 purple tang 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 purple tang sovereign overspends relative to taxation and the real beats studio philippines 7-eleven franchise growth rate then only the monetary sovereign and its payees should suffer; i.e. the stealth inflation tax is abolished. beats studio philippines 7-eleven franchise

      *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

    beats studio philippines 7-eleven franchise 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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  6. December 20, 2013 at 1:27 am

    Awesome article!

    One could further emphasise money as flow vs.monster beats outlet 1730 outlet 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 clearance name and out of the real economy.

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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 philippines 7-eleven franchise.




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