4 ms·
Former FDIC Chair: Fix income inequality with $10 million loans for everyone
- trevelyan 15y ago1,200 trillion is less than 100x total American spending on the wars in Iraq and Afghanistan. So reduce 10 million to 100k and you suddenly have a practical policy question.
- cs702 15y agoYes! In fact, a small number of credible voices (e.g., economist Steve Keen) are in fact proposing something along those same lines: a modern Debt Jubilee not unlike those of ancient history. Here's Keen's argument: http://www.debtdeflation.com/blogs/2012/01/03/the-debtwatch-manifesto/ http://www.debtdeflation.com/blogs/2012/01/03/the-debtwatch-...
- trevelyan 15y agoThanks for sharing the link. :)
- verra 15y agohttp://www.zerohedge.com/news/sheila-bairs-modest-proposal-fix-everything-hyperinflation http://www.zerohedge.com/news/sheila-bairs-modest-proposal-f...