With high interest rates, clients become permanent prisoners of the banks, paying successive interest over former interest, and millions in Brazil have already paid many times their initial debt and continue working for the banks.
Angela Merkel’s reputation as the world leader of Liberal Democracy is fading following a series of fiascos. As she departs the political stage she is looking ever more like a tired Margaret Thatcher without the moral handbag. And EU citizens?
Il governo che stampa i propri soldi, come gli Stati Uniti, non ha bisogno di entrate fiscali per pagare le sue spese. Questo distingue il governo degli Stati Uniti da una famiglia o dai governi statali e locali.
A government that prints its own money, like the United States, does not need tax revenue to pay for its spending. This distinguishes the U.S. government from a household or state and local governments.
Housing reached its highest share of GDP since the bubble years.. If productivity can remain on a faster growth path, then there will be far less basis for any conc ns with inflation.
