Austerity – essentially saving and paying back – is probably a recipe for a In ancient Mesopotamia, debt was commonplace; individual debts. Posts about Back to Mesopotamia written by aurelius Ways Out Of The Crisis”” where The Boston Consulting Group (BCG) helped explain. In Back to Mesopotamia? a now prescient report by the Boston Consulting Group (BCG) published in September it was argued that, while.

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Periodically, on the ascendancy of a new monarch, debts would be forgiven.

The day after (II).

As a consequence, the tax rate on capital gains can be brought down significantly. Murray Rothbard summarizes this nicely: The economic system has to be sound. Public deficits mask supply side or income distribution inefficiencies, and money ends up in the pockets of the large companies Kalecki profit equation.

Email required Address never made public. So we have to find a way to level out the playing field. Namely a one-time wealth tax: As Warren Buffet explicitly admits, he does not get taxed enough.

The will always be a bag of relevant remaining functions left to the ordinary government. Unfortunately, reaching consensus on such tough action might requiring an environment last seen in the s. And now it is time to face the facts. Post was not sent – check your email addresses!


How many people are busy and remain mentally healthyand contribute to wealth generation, vs the rest, is the key issue. I am not suggesting we have to tax more.

There is a striking similarity between the US and Japan in the development of stock and real estate prices See chart below. The longer the politicians and bankers wait, the more necessary will be bqck response outlined in this paper.

Back to Mesopotamia? (The Boston Consulting Group) | PDF Flipbook

And we need free trade at the same time. A word synonymous with “muddle through.

An old paper prepared by Boston Consulting Group back inwarning that when all other avenues for resolving or rather, just kicking the can down the road the US-European debt crisis have been exhausted austerity, pump priming for growth, mesopotamja restructuring, ZIRP, QE, inflationauthorities shall have no choice but to resort to the age-old solution: Of course dear Angela Merkel, Abenomics enthusiasts, and Chinese mesopotxmia, will not be happy to read this.

I mesppotamia sorry for them because they were clear, and they were brave to say what they said. Leon Walras unfortunately did not consider some aspects of economic reality, that have mesopotajia out to be significant nowadays. Inflation will be the preferred option — in spite of the potential for social unrest and the difficult consequences for middle-class savers should it really take hold. You may consider this bizarre thinking, but it is not.


Other outcomes should be treated as a criminal conduct by public servants. We should have buried him a long time ago. Acknowledgment of the facts may be the biggest hurdle.

A correlation does fo mean causality, but it is a sobering picture should Ben Bernanke and his team fail to reflate the economy. Demand on average must be equal to the aggregate purchasing power of the income generated by land, capital and labor in the production process. It can be done in two ways. The good thing is, there will be a day after.

Sorry, your blog cannot share posts by email. Many politicians would see taxing financial assets as the fairest way of resolving the problem. Such a course of action would not be new. There is one thing we would like to bring mesopotamai our readers’ attention because we are confident, that one way or another, sooner or later, it will be implemented. Email Facebook Twitter LinkedIn. In other words, the slate would be wiped clean.

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