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View Diary: David Stockman calls bullshit (21 comments)

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  •  Two excellent points (0+ / 0-)

    I'd rec that twice if I could.  Once because you brought up rentiers, who are the real beneficiaries of the economic changes wrought since Reagan and Stockman came in.  And second for pointing out that the deficit is where money in circulation comes from.  The mainstream media do not point that out; they still have fantasies of yellow commodities, which make no sense.

    Historical point:  During the gold era, finances were not stable.  Spain's conquest of Mexico brought much gold to Europe, leading to inflation, not prosperity.

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