BCG BACK TO MESOPOTAMIA PDF

Dainris An old paper prepared by Boston Consulting Group back inwarning that when all other avenues for resolving or rather, just kicking the can down the road the US-European debt crisis have been exhausted austerity, pump priming for growth, debt restructuring, ZIRP, QE, inflationauthorities shall have no choice but to resort to the age-old solution: The day after will not look pretty. I wish there was. Sort by Relevance Newest Oldest. First, the preamble from the old ZH post: How many people are busy and remain mentally healthyand contribute to wealth generation, vs the rest, is the key issue. Bqck you generate wealth you pay for it regardless of the fact you sold or notwith some flexibility to protect individual from overestimating the generation of paper wealth.

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Dainris An old paper prepared by Boston Consulting Group back inwarning that when all other avenues for resolving or rather, just kicking the can down the road the US-European debt crisis have been exhausted austerity, pump priming for growth, debt restructuring, ZIRP, QE, inflationauthorities shall have no choice but to resort to the age-old solution: The day after will not look pretty.

I wish there was. Sort by Relevance Newest Oldest. First, the preamble from the old ZH post: How many people are busy and remain mentally healthyand contribute to wealth generation, vs the rest, is the key issue.

Bqck you generate wealth you pay for it regardless of the fact you sold or notwith some flexibility to protect individual from overestimating the generation of paper wealth. Sometimes we go past the-beggar-thy neighbour policies and engage in outright swindle-thy-neighbour acts. Wealth Tax: Back to Mesopotamia [ paper by BCG] Public debt gack increased exponentially, even if private debt has been trimmed moderately in some countries, offsetting some of the increase.

Beggar-thy neighbour policies have to be cracked down on. No free trade with countries that do not provide full disclosure of their bank accounts.

I feel sorry for them because they were clear, and they were brave to say what they said. Printing does not solve anything, it just delays the inevitable. So what might the politicians and central banks do? Creditors will be massacred. But specific relevant functions have to be effectively spinned-off the central government.

Funny thing is — this is likely just a test run. BCG wrote the scenario up back Hacker News Additional taxes on real estate, including an increased capital-gains tax to offset the support for the real-estate market.

No more credit induced demand. This site uses cookies. Fiscal policy cannot be a substitute for supply side generated aggregate demand.

We will skip this part as fo regular readers of Zero Hedge are all too aware of reality, and how it is masked mfsopotamia by the mainstream media and its agents in all walks of life. And Cyprus may be just the first little example of what may tp be happening across many other countries and jurisdictions. It is likely that wiping out the debt overhang will be at the heart of any solution.

Fill in your details below or click an icon to log bcv It will take time. We believe that some politicians and central banks — in spite of protestations to the contrary — have been trying to solve the crisis by creating sizable inflation, largely because the alternatives are either not attractive or not feasible: If governments chose this course of action, only true debt relief and thus an end to the painful deleveraging process could lay the foundation for a return to economic growth.

The economic system has mesipotamia be sound. This was the case in Ancient Greece and Rome. Sorry, your blog cannot share posts by email. The truth is far, far uglier mesopotakia anything anyone in a position of power will tell you because acknowledgment would imply the need to come up with solutions that involve more than merely extending the event horizon for mesopotajia little longer.

By continuing to use this website, you agree to their use. As in Europe, an administration that truly bit the bullet would take a long-term view and invest more in education. Periodically, upon the ascendancy of a new monarch, debts would be forgiven: You are commenting using your Twitter account. At this point BCG goes into the details of why it is long overdue for reality to be finally acknowledged. It is simply a commodity.

One thing is certain: We need to fully employ the highest percentage of the population that we can. And the amount needed to tax from the assets of the wealthy? Related Posts

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BCG BACK TO MESOPOTAMIA PDF

Tulkis So what might the politicians and central banks do? Sometimes we go past the-beggar-thy neighbour policies and engage gack outright swindle-thy-neighbour acts. And about outsized salaries and stock option payments to the company executives. And we need free trade at the same time. Such a course of action would not be new.

EL DERECHO A LA PEREZA DE PAUL LAFARGUE PDF

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