tag:blogger.com,1999:blog-2277215496195926573.post3062155518782124753..comments2024-01-01T07:41:51.347-08:00Comments on RALPHONOMICS: Breaking up UK banks would involve a loss for a major shareholder, the UK government. So what?Ralph Musgravehttp://www.blogger.com/profile/09443857766263185665noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2277215496195926573.post-39495494263960166222011-02-01T23:19:49.578-08:002011-02-01T23:19:49.578-08:00frolix, Yes, advocates of Modern Monetary Theory c...frolix, Yes, advocates of Modern Monetary Theory can see that the gun is empty. But the average politician can't. Which makes the gun effective. It's like doing a bank raid with a shotgun which isn't actually loaded!!Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-42470115586819056722011-02-01T06:12:53.945-08:002011-02-01T06:12:53.945-08:00"The... point about share values is just one ..."The... point about share values is just one of the guns which the banking industry worldwide holds to governments’ heads."<br /><br />I am sure you would agree that in the case of truly sovereign governments the gun is entirely empty, since no matter what "losses" were accounted for the sovereign government's spending capacity is affected not one iota.frolix22https://www.blogger.com/profile/06169714658597103436noreply@blogger.com