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Steve Keen is asking. Some MMT economists are asking.

No mainstream economists. Private debt being too high is clearly impossible for the same reasons banks taking on such unprotected risk that the private financial system is at risk of collapse is clearly impossible.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Mon May 23rd, 2011 at 09:53:22 AM EST
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