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This is the same issue that comes up when we talk about insulating homes or replacing inefficient heating systems or the like. Bleeding money slowly is the only choice for people with no access to adequate capital.
And if people not getting access to adequate capital gets in the way of sociaty's goals (be it energy efficiency or full employment) an economic ideology that prevents the State from creating money to spend on necessary things (taxing away any resulting surplus purchasing power) is actively damaging to the public good.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Carrie (migeru at eurotrib dot com) on Wed Jun 18th, 2008 at 10:23:02 AM EST
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