Paul kasriel

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You can compare it to a corporation that issues stock and bonds and uses the money not for plant and equipment, but to throw a party for the employees.
OPEC doesn't suffer from money illusion. It decided they want an honest dollar for an honest barrel of oil.
In most periods throughout history, households were net suppliers of money to the economy, ... Today, by a record amount, they are net borrowers from the rest of the economy.
All that's happening when I buy stock is that my money supply goes down, while the seller's money supply goes up,
A government that robs Peter to pay Paul can always depend on the support of Paul.