Think Left

The purpose of Think Left is to present a view of politics from a left-wing perspective.

Government Debt and Deficits Are Not the Problem – Private Debt Is

Posted on June 17, 2013 by syzygysue

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?

3 thoughts on “Government Debt and Deficits Are Not the Problem – Private Debt Is”

prometheus1938 on June 17, 2013 at 9:18 pm said:

This is what BSCParty have been saying for 2yrs.Banks have been Creating money through Loans http://www.positivemoney.org/issues/democracy

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murray222013 on June 18, 2013 at 2:50 pm said:

This is the Gidiot Oosborne school of monetary policy,and it SUCKS.

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- syzygysue on July 30, 2013 at 6:01 pm said:
  
  I’m not sure which ‘this’ you’re refering to… Michael Hudson is saying the complete opposite of Osborne.
  
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