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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The day after (II).

Fill in your details below or click an msopotamia to log in: To find out more, including how to control cookies, bac, here: The truth is far, far uglier than anything anyone in a position of power will tell you because acknowledgment would imply the need to come up with solutions that involve more than merely extending the event horizon for a little longer. Such a course of action would not be new.

Beggar-thy neighbour policies have to be cracked down on. By continuing to use this website, you agree to their use. Fiscal policy is gibberish if you try to use it any further than for small cyclical upturns or downturns.

No free trade with countries that do not provide full disclosure of their bank accounts. Some akward questions need a fast and clear reply. We need maximum corporate sizes at levels where effective free market is applicable, fighting oligopolies and employee and government abuse.


The interventions of the Fed, notably the programs designed to buy financial assets, have created a monetary overhang that could be the basis for sizable inflation in the mesopoyamia.

Including paper gains, we can probably tax capital gains with just a high one digit rate being sufficient to obtain similar public cash flows. And we need free trade at the same time. But some facts would need to be acknowledged before decisive action could be taken:.

The day after (II). | Uncommon Sense

The economic system has to be sound. The longer the politicians and bankers wait, the more necessary will be the response outlined in this paper. Notify me of new comments via email. A word synonymous with “muddle through. Another POMO desk war casualty. This weekend we have found out that Cyprus is on the route to Mesopotamia. We will skip this part as any regular readers of Zero Hedge are all too aware of reality, and how it is masked constantly by the mainstream media and its agents in all walks of life.

Cleaning up the banking sector by calculating the losses and recapitalizing as needed — even if it means wiping out existing shareholders. It can be done in two ways. We need low tax rates on high tax bases, with no exemptions or loopholes. Leave a Reply Cancel reply Enter your comment here Good luck, politicians and holders of financial assets, you will need it because after Denial comes Anger, and only long after does Acceptance finally arrive.


This underscores the dimension of the Irish real estate and debt bubble.

And in our bbcg, some of the actions described above might be pursued by the US government if things do not improve soon. You are commenting using your Facebook account. I am not suggesting we have to tax more. In a pre-whatever-it-takes world, it was a truism.

But history shows that the US economy, like no other, is capable of adjusting and implementing quite radical changes. In some cases, cancellations resulted from social struggles exacerbated by economic crisis and the rise of inequality.

Wealth Tax: Back to Mesopotamia [2011 paper by BCG]

Fiscal policy cannot be a substitute for supply side generated aggregate demand. In Back to Mesopotamia?

In ancient Mesopotamia, debt was commonplace; individual debts were recorded on clay tablets. You are commenting using your WordPress. The day after should come asap. The would not be popular, and they would require broad political coordinate and leadership — something that politicians have replaced up til now with playing for time, in spite of a deteriorating outlook.

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