Post
Topic
Board Economics
Re: Krugman makes some good points
by
Lethn
on 26/03/2013, 13:40:14 UTC
You cant have a flourishing  economy without credit

Is this beat into people during their training at the Keynesian Academy for the Performing Arts? I hear it frequently enough that it sounds like a political slogan.

Yup, what people like this don't realise if you have a deflationary currency then everything becomes so cheap you don't even need credit.