Wednesday, September 4, 2013

more adventures beyond the RDB (the real debt barrier) chaper 51"what if only UNCLE paid a money tax "

regard the CB and its limitless money mine the LMM

now consider the  State guaranteed and enforced  zero riskless  real rate regime  the RRRR

put them together  LMM-RRRR
and the STATE pays the money tax

product price inflation becomes' a big

SO  WHAT !!!!!

if there's also a  universally mandated
  value added or mark up warrant exchange