tag:blogger.com,1999:blog-7820485130017459619.post1057898469652650669..comments2023-10-24T01:46:47.151-07:00Comments on CynicusEconomicus: King Canute and the Banking CrisisUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7820485130017459619.post-41601266489563002112008-09-18T04:21:00.000-07:002008-09-18T04:21:00.000-07:00MarkIt occurred to me a while ago that as the actu...Mark<BR/><BR/>It occurred to me a while ago that as the actual mechanisms of finance were about to break down, it might somehow be an idea to 'reset' the economy, effectively cancelling existing debts. I have noticed a couple of comments in newspapers over the last couple of days suggesting something similar. <BR/><BR/>Some people would be very happy with this, and some would not! <BR/><BR/>Presumably inflation achieves the same thing in a more subtle way, progressively reducing both existing savings and debts. Do you think that inflation might actually be used as a deliberate policy in the coming months and years?Anonymousnoreply@blogger.com