| Topic List | Page List: 1 |
|---|---|
| Topic | 'The world does not have a debt problem: it has a wealth inequality problem... |
| Transcendentia 07/19/17 1:15:15 PM #41: | Also, there's a deep inherent contradiction in his logic. If banks don't need reserves in order to loan money for investment, and if saving isn't actually needed for investment and growth...why does it matter that people are not spending every dime? Banks could, on his view, still loan money for investment and consumption. This guy is literally insane. I hope no one in the UK buys into his nonsense, otherwise the UK will literally collapse once all the successful people leave. Being against savings to this degree (even after claiming that savings are not needed for the creation of new wealth and new money) is a recipe for disaster. ... Copied to Clipboard! |
| Topic List | Page List: 1 |