Blogotariat

Oz Blog News Commentary

Was it ‘debt’ or land price what done us in, Gov?

September 3, 2017 - 19:24 -- Admin

Economists are very strange people.  Some of them say private debt doesn’t matter much, because banks simply act as intermediaries between people in the community who lend to each other, so that any private debt cancels out.  More realistically, other economists say that banks, by generating excessive debt, are responsible for the repetitive economic recessions […]