August 2010
3 posts
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A bank run in reverse →
“The United States is flush with low-interest cash from the Giant Pool of Money. Yes, that cash will one day have to be repaid, but right now what it means is the government has the opportunity to invest it in ways that will help to generate future revenue, which is to say in ways that create jobs. And if it does so, if the government invests this money in job-creation, then the future...
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