The elegant P<P+I equation points in the right direction but it is incomplete and needs further analysis. Not only does it ignore the velocity of circulation, but also the question whether the interest is spent back into circulation. The issue is important, both in terms of truth-seeking and Austrians and the Mainstream subverting the argument. … Continue reading Is there enough money to pay off debt plus interest? A closer look
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Is there enough money to pay off debt plus interest? A closer look
The elegant P<P+I equation points in the right direction but it is incomplete and needs further analysis. Not only does it ignore the velocity of circulation, but also the question whether the interest is spent back into circulation. The issue is important, both in terms of truth-seeking and Austrians and the Mainstream subverting the argument. … Continue reading Is there enough money to pay off debt plus interest? A closer look