Well quite a revelation lately....according to a text from Normal, Mn., it seems that the financial guru there devised a plan called "quantitative easing" that presto made all municipal debt and high yield corporate debt worth less through devaluation... kinda like having your money stolen from you without you knowing it...except for the monthly valuation statement...and then the magic happened......
None of those who had invested in public municipal debt were interested in buying any more....period....
And so...in a wierd way...it restrained public spending cause....public government could not borrow....
What a little miracle it was up in Normal, Mn. ....stay tuned.
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