Richard Murphy says:
October 6 2017 at 1:59 pm
All money is debtThere is no other money unless you want to return to something akin to the gold standard as Positive Money do, with the consequences that followed in the20s and 30s that would surely happen again
So no way will I go there
He tells us all that QE didn’t work.
QE was what some very clever people thought up to make sure that the 20s and 30s didn’t happen again. And, look, they didn’t. Because of QE.
So he agrees with the problem but insists that the solution which works doesn’t.
OT / HT
However fast your diesel car might depreciate it’s got nothing on an electric car
http://www.dailymail.co.uk/money/cars/article-4943684/The-10-fastest-depreciating-new-cars-revealed.html
Depreciation (effectively) as soon as you drive it out of showroom:
Nissan Leaf 72%
Renault Zoe 76%
So he admits that gold coins are not debt. Silver ones? Copper ones? Equity shares? Cigarettes in Weimar Germany or UK gaols?