Monthly Archives: February 2014

Getting Rid of Government Debts – Part 2

In the previous article, Getting Rid of Government Debt – Part 1, I have introduced a distinction between two types of public debts. One type is debts backed by assets. This part of the debts can be paid back by asset backed money generation, as described in that article. It can be passed to the […]

Getting Rid of Government Debts – Part 1

Debts have reached a level that is causing trouble for many communities and states all around the world. To an extent, these debts are exploitative: future generations of tax payers have to pay them, or pay interest on them, and in many cases, they don’t get anything in return. They will have to pay for […]