I still can’t find a reason why under fiat money, we charge interest on home, condo and apartments constructed and owned by individuals. As far as I know the private mortgage industry is entirely parasitic and is the primary driver of inflation.
I mean. That’s what it looks like, and I can’t find a competing argument.
The MMT folks are partly right.
Source date (UTC): 2014-11-03 07:44:00 UTC
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