Saturday, December 18, 2010


Everybody thinks the economic problem must be really difficult, because it's such a big, long-lasting problem. That's not the case. The problem is simple: We confuse money and credit.

We confuse money and credit. Policy removes money from circulation, when really it should be removing credit from circulation, reducing debt, leaving our money alone. The problem is simple.

Someone looking for a complicated explanation won't find the answer. Do not look for complicated explanations. It's a simple problem.

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