3 ms·
Balanced books unfortunately is not a solution. A state needs money in circulation to operate (which comes from debt usually), and, it needs money to pay for s
by jasmer 3y ago
Balanced books unfortunately is not a solution.
A state needs money in circulation to operate (which comes from debt usually), and, it needs money to pay for stuff while it's in distress.
'Balanced Books' is like asking a cancer patient to leave the hospital and 'get a job!'.
Something needs to be done for 'full restoration of confidence' - and while 'balanced books' will do that, it will kill the economy in the meantime.
Probably getting rid of corruption, then getting rid of obvious waste, then having maybe a period of 'dollar pegging' and outside observance of the Central Bank and maybe some economic oversight as well from Europe and USA ... might help.
Sort of like a giant 'drug rehab program' with observers and transparency etc.
I suggest a lot of the system is broken and a lot of pieces within it need to be fixed. It's very hard to pull a drug addict off of a drug, the entire body is addicted down to the cellular level.