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[…] which lowers employment and income, and aggregate demand in the absence of more leverage (See Tom Toles’ not-so-funny depiction of this via Prieur du […]
Pictures worth a TRILLION words, since a trillion has become such a small sum in this economy. Lest we forget, the very banks we ordinary mortals typically use are going under very fast and in great numbers. Ninety regional banks failed last week! So who do we borrow from? Citi! Are you kidding me!!!