No, it would choke off additional indebtedness
Posted on: September 10, 2016 at 21:54:02 CT
ummmm MU
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for a nation/world presently wallowing in debt.
And yes, it would cause a serious correction that would be terribly painful.
But it would be the first step to returning the world economy's attention back to production and away from financialization.
Edited by ummmm at 21:54:19 on 09/10/16