[lbo-talk] Austerity In The Face Of Weakness

[Barry Brooks]

> Carrol asks:
>
>> What happens to money that isn't spent?

Speculation in existing assets is not spending. It is the air that
inflates market bubbles. The ensuing crashes are a form of taxation of
that surplus income.

When the income of investors exceeds real investment, we could
tax the surplus
borrow the surplus
let bubble crashes eat the surplus

Barry