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Bankers and Asset Bubble Impact
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Steve Keen considers the following as important:
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Bankers and Asset Bubble Impact
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| Bankers and Asset Bubble Impact |
As much as greed drives business, there’s a reason why the far right goes nuts over bankers beyond the dog whistling. They get thrown over a barrel too. Makes one wonder if there is any palliative effect in the community running finance for its own benefit owns of course business owned by its workers.
I’ll note here that if loans in cheimgauer (look it up on wiki), are paid off in time, the interest is refunded. Cheimgauer is a form of freigeld. From the wiki.
“Since 2007, Chiemgauer could be saved without interest at a social cooperative called REGIOS. Likewise, a microcredit program for businesses and nonprofits has existed since 2010 and loans are available in amounts ranging from €1,000 to €20,000. Interest is calculated at a rate of 9%, but when a loan issued in Chiemgauer is paid back on time and without fault, the entire interest costs are paid back to the debtor.”
Still watching your insightful lectures Steve. Good on you!