3 ms·

> Well, that or banning usury. Or banning maturity transformation, http://unqualified-reservations.blogspot.in/2008/01/straightforward-explanation-of-present.h

• eli_gottlieb 13y ago
  I don't think that would actually get rid of deflationary financial crises. At least, not under the Hudsonian model I'm using, which is very simple: a financial crisis occurs when the total financial debt exceeds the salable productivity of the nonfinancial economy.