Posts Tagged ‘ending economic meltdowns’

How to thaw credit

That’s the title of the newest work from Mason Gaffney(pdf), who doesn’t like all the credit-creating and deficit-expanding by which our rulers pretend the economy will be healed.

New money without real goods behind it means inflation, more imports with fewer exports, devaluation, and a real risk that our foreign creditors will rebel.

So how to free up credit? (more…)