Another gem from Michael Hudson:
“…Everything over subsistence, they’ll want as a loan…”
“…Once the entire surplus is paid to the banks, there’s
nothing (left) over for rising living
standards, there’s nothing over for new capital investment, there’s nothing
over for long term research and development…”
Further, once growth is arrested, so is growth of the bank's
investments. It becomes a fixed income
stream on a fixed asset. Optimum is for
the banks to aim for optimum real growth rate.
But banks can’t do this.
Thank you for the auspicious writeup. It in fact was
ReplyDeletea amusement account it. Look advanced to more added agreeable from you!
By the way, how can we communicate?
Here is my website ; nitro force max review