On 10/2/2014 12:11 PM, Jim Wilkins wrote:
"Ed Huntress" wrote in message
...

...
National debt is one of the strangest aspects of the whole thing.
There is no way to sort it out by common sense because common sense
has proven to be wrong, time after time. Common sense is based on
experience and we have little experience with the amounts of debt
that
we're talking about here. It's like the old story about personal
debt:
If you owe the bank $10,000, you have a problem. If you owe the bank
$10 million, the bank has a problem....
--
Ed Huntress

Do you agree with this?
http://en.wikipedia.org/wiki/Modern_Monetary_Theory

It seems a logical and well written explanation to me, though I don't
know enough to find flaws in its speculations.

-jsw


hocus pocus is a lot of it - this is a massively changed document that
is in flux as I type.
(I'm an editor / corrector on one of wiki's pages. )
Look at the page and then see the TALK button on top - flip open that
page. Discussions that are still on-going beating it up and trying to
get it changed. Eco college page. Then look at the view history -
wow a lot of changes - and whoa - a lot by one ?? Back on the main
page, there are a lot of good (quality unknown) end-notes.

Tricky - might be a page of a doctoral student who is taking inputs
from professors, students, you, me, self proclaimed...

It is only one of many theories. See the bottom of the page - hyperlinks.

Martin Eastburn