Rentier Quotes
Quotes tagged as "rentier"
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“A false alarm is sounded that government budget deficits will increase consumer prices 鈥� with no discussion of how private-sector credit deflates economies. The problem is that credit is debt 鈥� and paying debt service to bankers and bondholders (and various grades of loan sharks) leaves less income available to spend on goods and services. So debt deflation is today鈥檚 major problem, not inflation.”
― The Bubble and Beyond
― The Bubble and Beyond
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