> If we are worried about a deflationary spiral the solution is simple. Give everyone money. Yeah, you might want to spend a bit more time thinking and reading

> If we are worried about a deflationary spiral the solution is simple. Give everyone money. Yeah, you might want to spend a bit more time thinking and reading about it. Keen has been ignored and mocked by the economics establishment, but he's the only guy I know who takes debt seriously and has developed computer models for dealing with the natural instability of exponential growth in it (Krugman famously has said "we owe it to ourselves"). You need to bring the total debt load down, to bring the absolute payment load down to a sustainable level and handle the exponent in debt growth. Giving everyone money without forcing them to pay down debt doesn't accomplish that, it's a linear response to an exponential problem. There's a reason debt jubilees were built into most pre-modern societies.