Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 178.34

-10.2%

Dec 12 9:30 AM EST

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To: Blasher who wrote (1145)	5/3/2014 8:09:45 AM
From: 3bar	Read Replies (2) of 26767

It has been suggested that if each citizen was given say 1 mill $ with the stipulation that any/all debts must be paid first would do to help the US economy more than anything else . In the past they were used and known as " debt jubalies " . One major problem in US is private debt built up over several credit cycles . Eliminate this and room to grow is assured . Cost a whole lot less than many other things . It is so different that not likely to get much traction . Anyone have an opinion on this ? Steve Keen talks about this on his blog . debtdeflation.com

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