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I don't see how what you're saying addresses anything in the article. What am I missing?
by jasonwatkinspdx 14y ago
I don't see how what you're saying addresses anything in the article. What am I missing?
- crdoconnor 14y agoIt sounds like "kleptocracy is fine provided it doesn't cause a boom/bust cycle".
- jasonwatkinspdx 14y agoTo elaborate: I can understand how temporarily forcing a negative nominal savings rates on a population might be beneficial in the short term in the Keynesian sense. But a forced, regressive negative real savings rate? I cannot think of a moral justification for that.
- nikcub 14y agoHaving a country being run as a Mafia state is better than living in a real estate bubble?