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1,200 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 pol
by trevelyan 15y ago
1,200 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. :)