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The frugal people who've kept their houses in order is a good cover for rentiers, financial sharks. The output gap is alomost a derivative of the rentier power gap.

Nothing wrong about getting return on capital... in normal times. But when debt entitlements are sacred regardless realistic  social-economic conditions, this is basically an end of the free market and democracy.

by das monde on Tue Jul 22nd, 2014 at 10:11:10 PM EST
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afew 4

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