- 2009.01.06, 18:11
- Laba ziņa: naudas teorijas tēmai ir pievērsušies arī smagsvari. Slikta ziņa: varētu būt ka tieši šis ir tas laiks, kad vairs nekas nebūs tā kā iepriekš.
"Real wealth is concrete; financial assets are abstractions—existing real wealth carries a lien on it in the amount of future debt. The value of present real wealth is no longer sufficient to serve as a lien to guarantee the exploding debt. Consequently the debt is being devalued in terms of existing wealth. No one any longer is eager to trade real present wealth for debt even at high interest rates. This is because the debt is worth much less, not because there is not enough money or credit, or because “banks are not lending to each other” [...]." - 1 rakstair doma
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