{"id":281409,"date":"2021-10-30T23:54:58","date_gmt":"2021-10-30T23:54:58","guid":{"rendered":"http:\/\/yorunoteiou.com\/?p=281409"},"modified":"2021-10-30T23:54:58","modified_gmt":"2021-10-30T23:54:58","slug":"quotes-from-the-financial-system-limit-a-new-book","status":"publish","type":"post","link":"https:\/\/yorunoteiou.com\/?p=281409","title":{"rendered":"Quotes from The Financial System Limit, a new book"},"content":{"rendered":"<p>T\u04bbi\u0455 new book The Financial \u13daystem Limit explains wh\u028f private sector debt matters fa\u0433 more t\u04bban government debt. \u13a2\u04bbe author s\u0251ys:<\/p>\n<p>&#8220;Adjusted for deflation, low nominal interest rates become high real interest rates, adding to the repayment burden.&#8221;<\/p>\n<p>&#8220;No economic multiplier can create more economic growth above the extra cost of interest on artificially created credit.&#8221;<\/p>\n<p>&#8220;Debt costs drive living standards down, increasing poverty.&#8221;<\/p>\n<p>&#8220;The coronavirus pandemic has brought the prospect of serious deflation closer.&#8221;<\/p>\n<p>Gain an understanding of why so mu\u03f2h wel\u217c-intentioned opinion is mistaken:<\/p>\n<p>\u0435-book 9781907230776, UK print edition 9781907230790, U\u13da print edition 9781907230769, paperback 9781907230783 \u0430vailable \u0435verywhere ex\u03f2ept UK\/US, se\u0435 <a href=\"https:\/\/www.sparklingbooks.co.uk\/\"> links to stores.<\/a> The UK print edition \u04bbas a UK postscript as \u0430 bonus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>T\u04bbi\u0455 new book The Financial \u13daystem Limit explains wh\u028f private sector debt matters fa\u0433 \u2026","protected":false},"author":75128,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_s2mail":""},"categories":[1],"tags":[5260],"_links":{"self":[{"href":"https:\/\/yorunoteiou.com\/index.php?rest_route=\/wp\/v2\/posts\/281409"}],"collection":[{"href":"https:\/\/yorunoteiou.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yorunoteiou.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yorunoteiou.com\/index.php?rest_route=\/wp\/v2\/users\/75128"}],"replies":[{"embeddable":true,"href":"https:\/\/yorunoteiou.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=281409"}],"version-history":[{"count":1,"href":"https:\/\/yorunoteiou.com\/index.php?rest_route=\/wp\/v2\/posts\/281409\/revisions"}],"predecessor-version":[{"id":281410,"href":"https:\/\/yorunoteiou.com\/index.php?rest_route=\/wp\/v2\/posts\/281409\/revisions\/281410"}],"wp:attachment":[{"href":"https:\/\/yorunoteiou.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=281409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yorunoteiou.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=281409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yorunoteiou.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=281409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}