tag:blogger.com,1999:blog-1341105382602182419.post1363369007805628332..comments2023-10-25T08:42:15.125-07:00Comments on Economist/Banker: Marginal Productivity of Debt---By Shan SaeedShan Saeedhttp://www.blogger.com/profile/02787485287146561831noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1341105382602182419.post-43032861194050348362012-03-20T12:06:36.394-07:002012-03-20T12:06:36.394-07:00Ha! This guy has definitely never worked in a cent...Ha! This guy has definitely never worked in a central bank. Let you in on a secret, dude. In a fiat/credit money economy... all money IS DEBT.<br /><br />Or, as Fed president Marriner Eccles told the Senate in the late 1930s:<br /><br />“If there were no debt in our money system there would be no money.”<br /><br />The rabbit hole runs deep!TheIllusionisthttps://www.blogger.com/profile/17642837989235595346noreply@blogger.com