Boom! Copied and pasted for future use.

Indeed! Though you’d be amazed how many can’t see this!

I love hearing the Libertarians whinge about the Big State and the Central Banks – as if the PEOPLE who run these things are impregnated with Big State / Central Bank DNA and don’t have a revolving door into PRIVATE sector banks.

(FV-PV)/FV = 1-u = iT is interest accrual on a loan at interest rate i for period T.

T = 1/V where V is the velocity that the borrower can circulate his inventory.

So, i = V(1-u) From this we see that V = i/(1-u)

u = PV = wage share which declines from inflation as u = wL/paL with w = wage, p = price level, a = labor productivity and L = work force so that

u’/u = w’/w – a’/a-p’/p

with u declining, (1-u) is increasing, meaning that V also decreases with inflation.

V actually increases with interest, so the correct means of reviving the economy is via raising interest rates, NOT dropping them as is the Fed prescription.

The enormous public debt could be quickly paid off via negative interest Treasury bonds.
If the Treasury offered 10Y TBills, at say, $1050 which paid $1000 after 10 years, investors would soon understand the rationality of holding bonds which paid off in a lower nominal value dollar but with much higher purchasing power.

yeah i saw one of the community chest cards on the crony version…

‘Bank error in your favour. You receive $1,870,000,000,000’

Marvellous reply. I am in awe.

Enjoy, but it won’t take you long as it is very difficult to put down.

Crony monopoly whereby the player who also acts as banker, or central banker, bails himself out when he screws up, is allowed to sell dodgy mortgages on all the properties & then buy them up at firesale prices when the other players inevitably get into trouble & of course gets an exemption on the go directly to jail card.

Don’t think the above version would prove very popular.

hahahaha…love it… and the dude with the top hat on the monopoly logo is a caricature of mr JPMorgan himself…