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Raise the government-set lending rates and keep them there, let overextended private parties (like highly leveraged asset owners) actually default en masse, and
by mindslight 3y ago
Raise the government-set lending rates and keep them there, let overextended private parties (like highly leveraged asset owners) actually default en masse, and slowly pay down the government's external debt by moving it to the federal reserve. I'm not saying that the metastasized finance industry will let this happen, but there is a way out of the spiral.
- titzer 3y agoI agree with those things, but we both see how unworkable it is. It hurts the monied class and edifice that holds up the house of cards made of people who produce no real value other than pulling levers in the casino.