tag:blogger.com,1999:blog-2948538160252327076.post1284311325138028151..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: What is that old line about the definition of madness?Alice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2948538160252327076.post-23047492498182646302011-10-08T12:34:32.102+01:002011-10-08T12:34:32.102+01:00Fiat is also debt. Look on your bank note. See whe...Fiat is also debt. Look on your bank note. See where it says "I promise to pay the bearer..." - that's an empty promise to pay off a debt.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-13693274884619233182011-10-07T08:10:22.462+01:002011-10-07T08:10:22.462+01:00Given that most money is debt. And that if the pub...Given that most money is debt. And that if the public is paying off debt in these worrying times then that would indicate a contraction in the money supply. This would be catastrophic. Therefore it may be that releasing some debt-free fiat in lieu might be a timely move.<br /><br />No idea if this is the current scenario. Im jus' sayin'.AgainsTTheWallnoreply@blogger.com