There is an alternative, of course. It is for creditors at the top of the economic pyramid to take a loss. That would restore the intensifying GINI income and wealth coefficients back to their lower levels of a decade or two ago.
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Archive for January, 2011
The Spectre Haunting Europe
Why America Had A 90% Income Tax
Michael is interviewed on the Real News Network. History teaches…
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Books by Michael Hudson
