Japan's "Helicopter Money" Play: Road to Hyperinflation or Cure for Debt Deflation? https://t.co/3BUYMVKLXo pic.twitter.com/QlrPeT9NKI
— Ellen Brown (@ellenhbrown) July 26, 2016
Japan may print money: $100 billion for infrastructure to support its economy (@ellenhbrown) https://t.co/CV3ZzcfgIS pic.twitter.com/VxCciZPdSS
— George Atherton (@notrehta) July 30, 2016
public finance, like the law, is a social construct; it’s what we all agree it to be
opinion alert: personal value statement follows
foundations of money and credit: not products to let banks profit, but infrastructure to let people prosper
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Japan may show the rest of us how to spend on worthwhile infrastructure projects by printing money, that is, by moving the interest on new national debt down to zero percent and keeping it there; the next step is to move away from fractional reserve banking by moving the reserve requirement up to one hundred percent and keeping it there.