Summary:
Bard College Economics Professor L. Randall Wray explains the controversial idea that’s gaining acceptance with Bloomberg's Cristina Lindblad and Peter Coy. [embedded content] But the right-wing doomsters are going full pelt underneath. From the comments section - It is amazing that someone calls himself economist after ignoring economic history. ALL nations who printed/coined/digitalised money at will went broke. It takes an hour or two to study cases like Greece, Rome, Byzantine Empire, Brazil, Venezuela, Congo, to point the places I can recall. Keep printing money, America, like there's no tomorrow. Live the fake life a little longer. Hangover is coming. Reply Exactly. The British tally stick system lasted 8 centuries before their holders were paid off in gold. Any day now...the
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Bard College Economics Professor L. Randall Wray explains the controversial idea that’s gaining acceptance with Bloomberg's Cristina Lindblad and Peter Coy.Bard College Economics Professor L. Randall Wray explains the controversial idea that’s gaining acceptance with Bloomberg's Cristina Lindblad and Peter Coy. [embedded content] But the right-wing doomsters are going full pelt underneath. From the comments section - It is amazing that someone calls himself economist after ignoring economic history. ALL nations who printed/coined/digitalised money at will went broke. It takes an hour or two to study cases like Greece, Rome, Byzantine Empire, Brazil, Venezuela, Congo, to point the places I can recall. Keep printing money, America, like there's no tomorrow. Live the fake life a little longer. Hangover is coming. Reply Exactly. The British tally stick system lasted 8 centuries before their holders were paid off in gold. Any day now...the
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes Andreas Cervenka och den svenska bostadsbubblan
Mike Norman writes Trade deficit
Merijn T. Knibbe writes Christmas thoughts about counting the dead in zones of armed conflict.
Lars Pålsson Syll writes Debunking the balanced budget superstition
But the right-wing doomsters are going full pelt underneath.
From the comments section -
It is amazing that someone calls himself economist after ignoring economic history. ALL nations who printed/coined/digitalised money at will went broke. It takes an hour or two to study cases like Greece, Rome, Byzantine Empire, Brazil, Venezuela, Congo, to point the places I can recall. Keep printing money, America, like there's no tomorrow. Live the fake life a little longer. Hangover is coming.
Reply
Exactly. The British tally stick system lasted 8 centuries before their holders were paid off in gold. Any day now...the collapse. The Roman empire only lasted 1000 years...any day now.