Category: economics |
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michael-hudson.com
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[AI summary] The discussion revolves around the current economic challenges in the United States, focusing on issues such as the role of bond sales, the privatization of money in banking, and the potential for a shift towards a system where the government can create money without interest. The conversation also touches on the impact of globalization on small businesses, the need for political change, and the importance of alternative economic models. Michael Hudson emphasizes the necessity of moving away from financial oligarchies and towards a more equitable economic structure. The discussion highlights the potential consequences of stopping bond sales, the role of public utilities in money creation, and the importance of grassroots support and awareness in...
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blog.someben.com
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[AI summary] The article discusses the limitations of Bitcoin as a deflationary currency and proposes a decentralized, trust-based monetary system using notes and social networks to enable efficient and secure transactions without relying on centralized authorities.
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isystem-tf.com
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In spite of the obvious differences betewen the Soviet and U.S. economies there are disconcerting parallels between the systemic roots of their respective crises (USSR in 1980s and USA today).USSR's stalling GDP growth, growing 'defence' budget and balooning budget deficits ultimately led to currency debasement and high inflation. There's every likelihood that U.S. dollar will...
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