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ITT: Sig gloats about being right


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Remember that I’ve been on record supporting mass debt forgiveness for both individuals and businesses since 2008, arguing that what has been weighing the economy down has been  excessive private debt siphoning their spending power into interest payments, and away from investment and the purchase of goods and services—which is the basis of, um, economic growth.  The establishment hacks over at Barron’s now admit I was right, (begrudgingly and indirectly, of course):

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WWW.BARRONS.COM

If the Federal Reserve has pulled off a soft landing, it may be due to shifts in the composition of U.S. debt since 2008, writes Larry Hatheway.

Basically the COVID stimulus carried out my policy in a clunky, inefficient way.

 

Make me benevolent dictator for life, people. (Oh and none of my ideas were borrowed from heterodox economists of unappreciated genius, I swear)

 

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