The IMF acts as the collection agent for global bondholders. Its projections begin by assuming that all debts can be paid, if economies will cut wages and wiping out pension funds so as to pay banks and bondholders.
Governments create money and spend it into the economy by running budget deficits. The paper currency in your pocket is technically a government debt.
Actually, high housing prices don't help the economy. They raise the cost of living.
We're living in a world that's divided into two economies: the economy of the 1%, and the economy of the bottom 99%. I guess you could be more "centrist" and say the top 10% versus the bottom 90%. But there's definitely a stratification at work here.
Needless to say, banks and bondholders do not want to promote any arguments explaining the limits to how much can be paid without pushing economies into depression.
The economy is being run primarily by the banks for their own interest.
Nothing could be better for the economy than to get rid of fracking.
The United States Government has fought against creation of an international court to adjudicate the ability of national economies to pay debts.
Debtors will seek to cancel their debts. Creditors will try to collect, and the more they succeed, the more they will impoverish the economy.
Either you can save the economy, or you can save the One Percent from losing a single penny.
Mathematically, debts grow exponentially at compound interest. Banks recycle the interest into new loans, so debts grow exponentially, faster than the economy can afford to pay.
I think the less fracking there is, the better it is for the economy and society.
Inflation usually helps the economy at large, but not the 1% if wages rise. So the 1% says that it is terrible.
