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"Just to take the most obvious example, the natural workings of the market were about to put most of the financial industry out of business in the fall of 2008. In the wake of the collapse of Lehman, leaders of both the Republican and Democratic parties could not run fast enough to craft a government bailout package to save the big banks, almost all of whom were facing bankruptcy due to their own incompetence and corruption."

[counterpunch.org]

WilliamCharles 8 Dec 5

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"Taxes do not fund government spending.

That’s a core insight of Modern Monetary Theory (MMT) whose radical implications have not been understood very well by the left. Indeed, it’s not well understood at all, and most people who have heard or read it somewhere breeze right past it, and fall back to the taxes-for-spending paradigm that is the sticky common wisdom of the left and right."

[counterpunch.org]

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Keeping interest rates near zero and printing money faster than it can be counted, will only lead to destruction. A part of me is happy, maybe we can rid ourselves of the Reserve Banking system, when they burn us down. But the pain they will induce, will be immense.

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