Thursday, 10 May 2012

Frb denialists think govt credit is worthless

The government is insolvent (their promises are worthless) or banks print money... not both of these statements are false (they can't both be false because there is no third option) one must be true. Either banks print money or the promises of the government are not worth anything. If government credit is valuable then banks print money.

No comments:

Post a Comment