Rallo Warns: Burning France's Public Debt Is 'Parasite and Unjust' and Will Bring Inflation
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Economic illiterates and socialists face a fundamental question: from which source does credit feed, which is supposed to create a new reality from the visions of central planners? If this question is answered, the wobbly financing stands, it is fresh to work.The contribution sovereign debt crisis: France's left wants to burn debt in the short term appeared first on Tichy's insight.
France already pays more to finance itself than Spain and, far from finding a way to square the accounts, the extreme French left has an idea that sounds like a bonfire: burning the public debt. Juan Ramón Rallo analyzes in his channel why that proposal by Jean-Luc Mélenchon is not a trick of accounting magic, but an opaque tax with an invoice in the form of inflation. The starting point is the market. Rallo recalls that, first time since 2008, …
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