Tuesday , 18 December 2018


Tag Archives: money illusion

Financial Repression: How Sneaky Governments Steal Your Money

One of the things that's being lost in the welter of rhetoric around the debt crises of sovereign nations is that these are not normal debtors, and government debt is not the same as personal debt. If you or I are in debt we are obliged to fulfil the terms of our repayment obligations or to go bankrupt or to pretend to die and go off and live on the life insurance. A country in the same situation has a range of other measures available to it...[Let's explore their options and what their implications would be for the country and its citizens.] Words: 1145

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"Money Illusion" is Blinding You to Reality! Here's How

Despite the practical impossibility of real comparisons we know perfectly well that the value of a dollar or a pound, shekel, rouble or euro isn’t what it used to be...This fact, however, doesn’t stop us from almost exclusively focussing on how much money we have today rather than what it can purchase for us: we think about money in nominal terms rather than real ones [- and that is what is known as money illusion. Let me explain.] Words: 873

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