Green Options » gdp gearing http://greenoptions.com/tag/gdp-gearing Posts tagged 'gdp gearing' Fri, 03 Oct 2008 19:08:46 +0000 http://wordpress.org/?v=2.5.1 en Money and Debt : New Financial Architecture Required http://inspiredeconomist.com/2008/10/03/money-and-debt-new-economic-architecture-required/ http://inspiredeconomist.com/2008/10/03/money-and-debt-new-economic-architecture-required/#comments Fri, 03 Oct 2008 19:08:46 +0000 Chris Milton http://inspiredeconomist.com/2008/10/03/money-and-debt-new-economic-architecture-required/

Whenever you take out a loan the temptation is to imagine a big mountain of money in a secure vault somewhere.

Your friendly bank manager, a nice affable chap, is on hand doling out credit to any soul who can jump through his hoops.

This is miles, no decades, away from the truth. Here’s how debt works today ….

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