[lbo-talk] Now Rogoff agrees with me

Julio Huato juliohuato at gmail.com
Tue Aug 2 11:23:25 PDT 2011


"there is no quick escape without a scheme to transfer wealth from creditors to debtors, either through defaults, financial repression, or inflation."

I said it here:


"But unless the rest of us become richer (compared to the extremely rich), we won’t be able to honor our debts to the extremely rich. Catch 22! So, one way or another, the solution will consist of some form of wealth redistribution."

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