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by imtringued
1625 days ago
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Austerity does not work with the current money system because any deflationary effect of paying debts back leads to currency speculation. Every dollar is like a capillary in your body. Taking money out of circulating is equivalent to blocking the capillary. When you do austerity it's like getting multiple simultaneous heart attacks. The Austrian economists say just deal with the pain but I have a fairer proposal. Tax cash at 6%, then you can pay off debts. Anyone who wants to save can go to a bank and lend out their money at 0% or above. |
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