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View Diary: NYT: It's Krugman Vs. Reinhart & Rogoff, Who Trivialize Their Incompetence And Attack “Left” (246 comments)

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  •  Your thesis is oxymoronic. (1+ / 0-)
    Recommended by:
    Johnny Nucleo

    Money is government debt. Period.

    If you can't increase it, your economy cannot grow.

    •  More like a recognition of obligation. The (0+ / 0-)

      alternative to issuing certificates of obligation is to just requisition goods and services by dint of force. In colonial days citizens were taxed to provide a number of days of labor annually. Registration for a military draft persists. Issuing certificates of obligation is more egalitarian.

      We organize governments to deliver services and prevent abuse.

      by hannah on Sat Apr 27, 2013 at 02:44:04 AM PDT

      [ Parent ]

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