On inflation (I don't want to duplicate comments): https://news.ycombinator.com/item?id=5706941 https://news.ycombinator.com/item?id=5706941 On Rothschild&co:

On inflation (I don't want to duplicate comments): https://news.ycombinator.com/item?id=5706941 https://news.ycombinator.com/item?id=5706941 On Rothschild&co: I'm quite serious: President Pompidou used to work for them, prior to the 73 law that forbade the state from borrowing to the central bank (there were no Euro, back then). The only alternative was to borrow from private banks, of course. and Rothschild conveniently happened to be one of the big players, and happened to finance a significant part of the French debt. Well, as far as I know. My sources are mainly Pierre Larouturrou, and Étiène Chouard, left-sided French economists. On deflating the debt: I doubt the solution would be to do it at once. On the other hand, why not keep the budget as it is, and just stop borrowing from the market altogether? It would progressively Lower the payments on the interests, freeing some budget to actually lower the debt, or doing some other investments. I did not however measured the impact of not borrowing from rich people any more.