Government Debt and Deficits Are Not the Problem – Private Debt Is
Published on Mar 24, 2013
Michael Hudson: Why do they call for governments to balance the budget by pushing the economy at large deeper into debt, while trying to save the banks from taking a loss?
This is what BSCParty have been saying for 2yrs.Banks have been Creating money through Loans http://www.positivemoney.org/issues/democracy
This is the Gidiot Oosborne school of monetary policy,and it SUCKS.
I’m not sure which ‘this’ you’re refering to… Michael Hudson is saying the complete opposite of Osborne.