On Jun 21, 2013, at 11:08 AM, Marv Gandall <[email protected]> wrote:
> They think the policy and decision making elites just don't "get" how the > modern monetary system based on fiat currencies works, and they're on an > educating mission. That's one of the things about this that gets me - the bourgeoisie knows damn well how the system works. They just have different political priorities from the printing press crowd. It's not a matter of understanding - it's a matter of interests. Carrol, what I meant was that if the bourgeoisie were so weakened that it could accept unlimited central bank financing of budget deficits, 0% interest rates, and full employment, the political environment would be so different from the present one that we could be contemplating a whole different agenda - i.e., socialism of some sort. So if you're imagining that sort of political environment, why limit your imagination to monetary manipulations and leave questions of ownership and power out of the picture? Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
