Fed, Banking Regulations, Capital Flow, Crisis, Part 8
This article analyzes the dynamics of sovereign debt and its consequences. Highlights its effects on an average Joe. Explores its relationship with money valuation, cost of living and doing business, demand, employment and wages. Criticizes Keynesian view of servicing the debt and indirect taxation through money devaluation. Uncovers the serious long and short term collateral damage done by Keynesian economics and policies.