AND ...YOU reckon only government money causes inflation. AND...

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    AND ...YOU reckon only government money causes inflation. AND BANKS DON'T cause inflation? Is this your perverted view? BANKS haven't bid up real estate, stocks and bonds well beyond household affordability or price stability. ONLY government deficits cause inflation! IS THIS YOUR PERVERTED VIEW??????

    Michael Hudson: Finances vs Economy, Credit vs Money


    Mike Norman Economics: Paying off America's Debt is Simple

    The government spends or pays by just changing numbers in bank accounts. Saying we "lack money" is as stupid as saying we can't play a game of basketball because some team might score 150 points.
    Last edited by tigmeister: 29/01/15
 
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