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GeoThere's absolutely no need to get rid of banks, just prevent them from creating money....

July 2015

Yannis GrigoriouThe trouble is that in most cases loans were used to bail out the banks or pay high interest to creditors. Very little of total debt was used to strengthen the real econony. It's the debt trap! For the immediate future Greece needs a similar agreement like the one Germany enjoyed in 1953 and in the ...

July 2015

Kian MeadGreat article. Banks have been our major moral , social political and monetary problem, since the creation of the bank of England. Get rid of private banks, and the world would be a better place. Bankers have replaced lawyers as the first I would shoot in a revolution....

July 2015
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Postkey“Growth in the NaughtiesYesterday I posted a brief note about how to think about the 2000-2007 expansion, now that we know that there was an unsustainable housing-and-debt bubble. My point was that this doesn’t mean that the growth was somehow fake; real output of goods and services did indeed r...

November 2015
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