> I agree with you, I don't see how that will work. Part of the reason,
> though, is because it is based on the assumption that the private
> financial sector will Do The Right Thing, just based on cash
> incentives. Expecting them to do right is foolish.
> The government in a cordinated system of agencies, needs to literally
> take control over the private financial system and run it. And I don't
> mean buy it, I mean take it.
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That's right, let a bunch of econocrat clowns who gave no hint they saw this coming run the circuits of decumulation.
Somewhere/when in hyperspace Joan Robinson and Susan Strange are laughing their asses off.
Two for the dustbin: "the productivity of capital" and "emerging markets", joining phlogiston and other zombie concepts.........
Ian