It's good for budgetary balances. Wind power
But a debt/equity swap would work. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
A tax on carbon content of imports would do wonders as well. Wind power
Cannot do that within the Eurozone.
A tax on carbon content of imports would do wonders as well
Are you really not aware that the problem is internal Eurozone trade imbalances, not the external trade balance of the Eurozone? By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
My friends on the Oil Drum will link that to a last spurt of cheap energy 'probably in the form of the boom in Chinese coal production) which is now over. Wind power
Look, I don't have any debt but the consequences of waiting for default or 10 years of doldrums to reduce the debt overhand might be that I'd be out of a job soon with no prospects but emigrating to another continent. So I'm willing to endure a loss of purchasing power. After all, my income can support higher taxes, too.
Inflation is destructive of incomes and asset values, deflation is destructive of the human spirit. By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
