Quantitative easing is an incomplete strategy that must be accompanied by the nullification of debt

Karl Svozil

Papers from arXiv.org

Abstract: Compound interest as well as inflation grows exponentially with time, whereas other means to repay debt grow polynomially. For this and other, mostly political, reasons, debt without inflation is unsustainable. We suggest a discontinuous way to eliminate debt by nullifying it. This scenario is preferable to current central bank strategies of quantitative easing because it allows the disposal of debt without hyperinflation or bloated balance sheets.

Date: 2013-03, Revised 2015-07
New Economics Papers: this item is included in nep-his and nep-mac
References: Add references at CitEc
Citations:

Downloads: (external link)
http://arxiv.org/pdf/1303.6183 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1303.6183

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().