Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The problem is that paying down debt does not increase the spending of the receiver of debt.. the money just evaporates for consumption and is almost automatically saved..

great comments

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Sat May 21st, 2011 at 05:17:36 AM EST
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