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2012-04-28T03:51:33Z

http://www.nakedcapitalism.com/2012/04/michael-hudson-productivity-the-miracle-of-compound-interest-and-poverty.html

Enlightening perspective.  It's the only econ perspective I've come across that provides a new (different) reasoning for the evolution of the shift from taxing rentiers to consumers being "taxed" in the form of paying interest to bankers / creditors... in effect rather than providing the "tax" to gov't for infrastructure, education, safety nets, etc. it's provided as income (revenue) to bankers and rentiers... creating the new oligarchies. 

The author makes a good case ---- too bad it's not in the mainstream of economic thinking.