Quantitative easing is an incomplete strategy that must be accompanied by the nullification of debt
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.
Code (0)
등록된 구현이 없습니다.
Similar Papers 제목 키워드 기반
Cost-efficiency in Incomplete Markets
This paper studies the topic of cost-efficiency in incomplete markets. A payoff is called cost-efficient if it achieves a given probability distribution at some given investment horizon with a minimum initial budget. Ext…
From Liar Paradox to Incongruent Sets: A Normal Form for Self-Reference
We introduce incongruent normal form (INF), a structural representation for self-referential semantic sentences. An INF replaces a self-referential sentence with a finite family of non-self-referential sentences that are…
Video Super-Resolution Using a Grouped Residual in Residual Network
Super-resolution (SR) is the technique of increasing the nominal resolution of image / video content accompanied with quality improvement. Video super-resolution (VSR) can be considered as the generalization of single im…
Image Super-ResolutionSuper-ResolutionVideo Super-ResolutionQuantitative Information Extraction from Humanitarian Documents
Humanitarian action is accompanied by a mass of reports, summaries, news, and other documents. To guide its activities, important information must be quickly extracted from such free-text resources. Quantities, such as t…
HumanitarianImagine with the Teacher: Complete Shape in a Multi-View Distillation Way
Point cloud completion aims to recover the completed 3D shape of an object from its partial observation caused by occlusion, sensor's limitation, noise, etc. When some key semantic information is lost in the incomplete p…
Point Cloud CompletionTransfer Learning