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I am struck by how many liberals insist on reducing carbon emissions immediately, but, on the deficit, say there is no urgency because no interest rates rises are in sight.
Officials said that the plan disclosed Tuesday was less expensive than a direct loan from the banks, an idea that many banks supported, because no interest would have to be paid and the plan would not be voluntary.
On Facebook (you can follow my output here), I posted the following excerpt from Tom Friedman's latest column, "The Market and Mother Nature": I am struck by how many liberals insist on reducing carbon emissions immediately, but, on the deficit, say there is no urgency because no interest rates rises are in sight.
Notice that under sovereign money, the interest differential is simply i, because no interest is paid on money.
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"It's a chicken-or-egg thing: Is there no coverage because there's no interest, or no interest because there's no coverage?
Essentially this is because journals have no interest in publishing papers on such matters.
Similarly, the political unrest is underexplained, largely because Tom has no interest in it.
I didn't rise to his bait, but it wasn't because I had no interest in defending my profession.
But just because Totti had no interest in sitting behind a desk did not make him a slow learner.
The Southern Lady asked none of the above questions because she had no interest in my shallow observations.
Inflation has a particularly strong effect on the demand for money because currency pays no interest, and checking deposits typically receive little or no interest return.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com