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Olduvai III: Catacylsm
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Inflationary Financing and GDP

INFLATIONARY FINANCING AND GDP This article demonstrates that only government borrowing in the US and UK drives GDP growth. This surprising conclusion is confirmed by long-run statistics. GDP does not represent economic progress, nor does it include the expansion of activity in the non-financial private sector, because that marries up with larger trade deficits, which […]

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Can We Stop the Government Borrowing & Just Print Without Inflation?

Can We Stop the Government Borrowing & Just Print Without Inflation? The conservatives are going nuts about raising the debt ceiling as if this really matters. They claim: “The United States is effectively bankrupt, but that doesn’t matter to the GOP. Once evangelists of fiscal responsibility and scourges of deficit spending, Republicans today glory in spilling […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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