{"id":1562,"date":"2019-06-10T16:48:15","date_gmt":"2019-06-10T07:48:15","guid":{"rendered":"http:\/\/commonstrans.net\/?p=1562"},"modified":"2019-06-10T16:48:17","modified_gmt":"2019-06-10T07:48:17","slug":"%ea%b8%88%ec%9c%b5-%eb%8c%80-%ea%b2%bd%ec%a0%9c","status":"publish","type":"post","link":"http:\/\/commonstrans.net\/?p=1562","title":{"rendered":"\uae08\uc735 \ub300 \uacbd\uc81c"},"content":{"rendered":"<hr \/>\n<ul>\n<li>\uc800\uc790\u00a0 :\u00a0 Michael Hudson<\/li>\n<li>\uc6d0\ubb38 : \uc720\ud29c\ube0c \ub3d9\uc601\uc0c1 <a href=\"https:\/\/www.youtube.com\/watch?v=JZQqrxHGcoQ\">Finances vs Economy, Credit vs Money<\/a> (2012\ub144 3\uc6d4)<\/li>\n<li>\ubd84\ub958 :\u00a0 \ub0b4\uc6a9 \uc815\ub9ac<\/li>\n<li>\uc815\ub9ac\uc790 : \uc815\ubc31\uc218<\/li>\n<li>\uc124\uba85 : 2012\ub144 2\uc6d4 \uc774\ud0c8\ub9ac\uc544\uc758 \ub9ac\ubbf8\ub2c8(Rimini)\uc5d0\uc11c \u2018\ud604\ub300 \ud654\ud3d0 \uc774\ub860\u2019(Modern Money Theory)\ub97c \uc8fc\uc81c\ub85c \uc5f4\ub9b0 1\ud68c \uc774\ud0c8\ub9ac\uc544 \ud480\ubfcc\ub9ac \uacbd\uc81c\ud559 \ub300\ud68c(the first Italian grassroots economic summit)\uc5d0\uc11c \ub9c8\uc774\ud074 \ud5c8\ub4dc\uc2a8\uc774 \ud55c \ubc1c\uc81c\uc758 \ub0b4\uc6a9\uc744 \ube44\uad50\uc801 \uc0c1\uc138\ud558\uac8c \uc815\ub9ac\ud55c \uac83\uc774\ub2e4. \uc774 \ubc1c\uc81c\uc758 \uc601\uc5b4 \uc2a4\ud06c\ub9bd\ud2b8\ub294 <a href=\"https:\/\/neritam.com\/2012\/05\/19\/modern-money-theory\/\">https:\/\/neritam.com\/2012\/05\/19\/modern-money-theory\/<\/a> \uc5d0\uc11c \ubcfc \uc218 \uc788\ub2e4.<\/li>\n<\/ul>\n<hr \/>\n<p>[\ub9c8\uc774\ud074 \ud5c8\ub4dc\uc2a8]<\/p>\n<p>\uc800\ub294 \uc911\uc559\uc740\ud589\uacfc \uc0c1\uc5c5\uc740\ud589(commercial bank)\uc758 \ucc28\uc774\uc5d0 \ub300\ud574 \ub9d0\ud574\ubcf4\ub824\uace0 \ud569\ub2c8\ub2e4.<span style=\"color: #008080;\">[\uc774\uc5d0 \uc55e\uc11c Stephanie Kelton\uc774 \ud604\ub300\ud654\ud3d0\uc774\ub860\uc758 \uae30\ucd08\ub97c \uc124\uba85\ud558\ub294 \ubc1c\uc81c\ub97c \ud588\ub2e4.\u2015\uc815\ub9ac\uc790] <\/span>\uc911\uc559\uc740\ud589\uc774 \ud654\ud3d0\ub97c \ucc3d\ucd9c\ud558\uace0 \uc0c1\uc5c5\uc740\ud589(\uc774\uc724\uc744 \ubaa9\uc801\uc73c\ub85c \ud558\ub294 \ubbfc\uac04\uc740\ud589)\uc740 \uc2e0\uc6a9\uc744 \ucc3d\ucd9c\ud55c\ub2e4\uace0 \ud569\ub2c8\ub2e4. 2008\ub144 \uc774\ud6c4 3\ub144 \ub3d9\uc548 \uc6b0\ub9ac\ub294 \ubbf8\uad6d \uc5ed\uc0ac\uc0c1 \ucd5c\ub300\uc758 \ud654\ud3d0\ucc3d\ucd9c\uacfc \uc2e0\uc6a9\ucc3d\ucd9c\uc744 \ubaa9\uaca9\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \ubbf8\uad6d\uc5d0\uc11c \uc784\uae08\uc740 \uc9c0\ub09c 30\ub144 \ub3d9\uc548 \ud558\ub77d\ud588\uace0 \uc18c\ube44\uc790 \ubb3c\uac00\uc640 \uc0c1\ud488\uac00\uaca9\uc740 \ubcc0\ub3d9\uc774 \uc5c6\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\uadf8\ub7f0\ub370 \uc5c4\uccad\ub09c \uc778\ud50c\ub808\uc774\uc158\uc774 \uc788\uc5c8\uc2b5\ub2c8\ub2e4. \uc774\uc790\uc728\uc774 20%\uc5d0\uc11c \uc624\ub298\ub0a0\uc758 4\ubd84\uc758 1%\ub85c \ub5a8\uc5b4\uc9c0\uba74\uc11c \uc5ed\uc0ac\uc0c1 \ucd5c\ub300\uc758 \uc99d\uad8c\uc2dc\uc7a5 \uac00\uaca9 \uc0c1\uc2b9\uc774 \uc77c\uc5b4\ub0ac\uc2b5\ub2c8\ub2e4. \ubd80\ub3d9\uc0b0 \uac00\uaca9, \uc99d\uad8c\uac00\uaca9, \uc8fc\uc2dd \uac00\uaca9\uc774 \uc0c1\uc2b9\ud588\uc2b5\ub2c8\ub2e4. \uadf8 \uacb0\uacfc \ubd80\uc758 \uac00\uce58(\ub300\ubd80\ubd84\uc758 \ubd80\ub294 \uc778\uad6c\uc758 1%\uac00 \uc18c\uc720\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4)\uac00 \uc784\uae08\uc5d0 \ube44\ud574 \uc0c1\uc2b9\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub9ac\uace0 \uc0c8\ub85c\uc6b4 \uc885\ub958\uc758 \uacc4\uae09\uc804\uc7c1\uc774 \uc77c\uc5b4\ub098\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc885\ub798\uc758 \uace0\uc6a9\uc8fc(\uc790\ubcf8\uac00)\uc640 \uace0\uc6a9\uc778(\ub178\ub3d9\uc790) \uc0ac\uc774\uc758 \uc804\uc7c1\uc774 \uc544\ub2d9\ub2c8\ub2e4. \uae08\uc735\uacfc \uacbd\uc81c \uc0ac\uc774\uc758 \uc804\uc7c1\uc785\ub2c8\ub2e4.<\/p>\n<p>\uc0b0\uc5c5\uc790\ubcf8\uc8fc\uc758\uc5d0\uc11c \uc2e0\uc6a9\uc740 \ub178\ub3d9\uc744 \uace0\uc6a9\ud558\ub294 \uc790\ubcf8\ud22c\uc790\uc5d0 \ub4e4\uc5b4\uac11\ub2c8\ub2e4. \uc624\ub298\ub0a0\uc5d0\ub294 \uadf8\ub807\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \uc0c1\uc5c5\uc740\ud589\ub4e4\uc774 \uc2e0\uc6a9\uc744 \ucc3d\ucd9c\ud560 \ub54c \uc774\ub294 \ubd80\uc5d0 \ub300\ud55c \uccad\uad6c\uad8c\uc758 \ucc3d\ucd9c\uc774\uace0 \ubaa8\uae30\uc9c0 \ubd80\ucc44\uc758 \ucc3d\ucd9c\uc774\uba70 \uae30\uc5c5 \ubd80\ucc44\uc758 \ucc3d\ucd9c\uc774\uace0 \uac1c\uc778\uc801\uc778 \ubd80\ucc44 \ubc0f \ud559\uc790\uae08 \uc735\uc790\uc758 \ucc3d\ucd9c, \uc2e0\uc6a9\uce74\ub4dc \ubd80\ucc44\uc758 \ucc3d\ucd9c\uc785\ub2c8\ub2e4. \ubc14\ub85c \uc774\uc810\uc5d0\uc11c \uc0c1\uc5c5\uc740\ud589 \uc2e0\uc6a9\ucc3d\ucd9c\uc740 \uc911\uc559\uc740\ud589\uc758 \ud654\ud3d0\ucc3d\ucd9c\uacfc \ub2e4\ub985\ub2c8\ub2e4. \uc911\uc559\uc740\ud589\uc774 \ud654\ud3d0\ub97c \ucc3d\ucd9c\ud560 \ub54c\uc5d0\ub294 \uc7a5\uae30\uc801\uc774\uace0 \uacf5\uc801\uc778 \ubaa9\uc801\uc5d0\uc11c \uadf8\ub807\uac8c \ud569\ub2c8\ub2e4. \uc815\ubd80\uc9c0\ucd9c\uacfc \uacf5\uc801 \uae30\ubc18\uc2dc\uc124\uc5d0\uc758 \uc790\ubcf8\ud22c\uc790\uc5d0 \uc7ac\uc815\uc744 \ub311\ub2c8\ub2e4. \uc5ed\uc0ac \uc804\uccb4\uc5d0 \uac78\uccd0\uc11c \ub300\ubd80\ubd84\uc758 \ub098\ub77c\ub4e4\uc5d0\uc11c \uacf5\uc801 \uae30\ubc18\uc2dc\uc124\u2015\ub3c4\ub85c, \ud1b5\uc2e0 \uc2dc\uc2a4\ud15c, \ucca0\ub85c, \uc0c1\uc218 \ubc0f \ud558\uc218 \uc2dc\uc2a4\ud15c \ub4f1\u2015\uc5d0\uc758 \uc790\ubcf8\ud22c\uc790\ub294 \ubaa8\ub450 \uc81c\uc870\uc5c5\uc5d0\uc758 \uc790\ubcf8\ud22c\uc790 \uc804\uccb4\ubcf4\ub2e4 \ub354 \ucef8\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\ubbf8\uad6d\uc5d0\uc11c \ub274\uc695\uc2dc\uc758 \ubd80\ub3d9\uc0b0 \uac00\uce58\ub294 \ubbf8\uad6d \uc81c\uc870\uc5c5 \uc804\uccb4\uc758 \uc124\ube44\uc758 \uac00\uaca9\ubcf4\ub2e4 \ub192\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d\uc5d0\uc11c \uc0ac\uc6a9\ub418\ub294 \uad50\uacfc\uc11c\ub294 \uc774\ub7f0 \ucc28\uc774\ub97c \ubb34\uc2dc\ud569\ub2c8\ub2e4. \u2018MV = PT\u2019<span style=\"color: #008080;\">[Money\u00d7Velocity = Price\u00d7Transaction]<\/span>\ub77c\ub294 \uacf5\uc2dd\uc774 \uc788\uc2b5\ub2c8\ub2e4. \ud654\ud3d0 \uacf5\uae09\uc774 \uc99d\uac00\ud558\uba74 \uac00\uaca9\uc774 \uc624\ub978\ub2e4\ub294 \uc758\ubbf8\uc785\ub2c8\ub2e4. \uadf8\ub7f0\ub370 \uad50\uacfc\uc11c\uc5d0\uc11c \ub9d0\ud558\ub294 \uac00\uaca9 \uc218\uc900\uc740 \uc18c\ube44\uc790 \ubb3c\uac00\uc640 \uc0c1\ud488\uac00\uaca9\ub9cc\uc744 \ud3ec\ud568\ud569\ub2c8\ub2e4. \uad50\uacfc\uc11c \uc5b4\ub514\uc5d0\ub3c4 \uc2e0\uc6a9\uacf5\uae09\uacfc \uc790\uc0b0(\ubd80\ub3d9\uc0b0, \uc8fc\uc2dd \ubc0f \uc99d\uad8c)\uc758 \uac00\uaca9 \uc0ac\uc774\uc758 \uad00\uacc4\uc5d0 \ub300\ud55c \uc5b8\uae09\uc740 \uc5c6\uc2b5\ub2c8\ub2e4. \uadf8\ub7f0\ub370 \ubbf8\uad6d \uacbd\uc81c\uc5d0\uc11c \uc2e0\uc6a9\uc758 99%\ub294 \uc774 \uae08\uc735 \uccad\uad6c\uad8c\ub4e4\uc5d0 \uc9c0\ucd9c\ub429\ub2c8\ub2e4. \ub9e4\uc77c \uad6d\ubbfc\ucd1d\uc0dd\uc0b0 \uc804\uccb4\uc640 \ub9de\uba39\ub294 \uc591\uc774 \ub274\uc695 \uc5b4\uc74c\uad50\ud658\uc18c\uc640 \uc2dc\uce74\uace0 \uc0c1\uc5c5\uac70\ub798\uc18c\ub97c \ud1b5\uacfc\ud569\ub2c8\ub2e4. \uc9c0\ubd88\uc758 \ubc29\ub300\ud55c \uc591\uc774 \uae08\uc735\ubd80\ubb38\uc5d0 \uc18d\ud569\ub2c8\ub2e4. \uc9c0\ub09c 10\ub144\uc5ec \ub3d9\uc548 \ub298\uc5b4\ub09c \uc740\ud589\ub300\ucd9c \uc804\uccb4\uac00 \ub2e4\ub978 \uae08\uc735\uae30\uad00\uc5d0 \ub300\ucd9c\ud55c \uac83\uc785\ub2c8\ub2e4.<\/p>\n<p>\uad50\uacfc\uc11c\ub294 \uc740\ud589\ub4e4\uc774 \uc0b0\uc5c5\uc5d0 \ub300\ubd80\ud558\uc5ec \uae30\uacc4\ub97c \uad6c\uc785\ud558\uace0 \uacf5\uc7a5\uc744 \uc9c0\uc5b4 \ub178\ub3d9\uc790\ub97c \uace0\uc6a9\ud558\ub3c4\ub85d \ud558\ub294 \ud589\ubcf5\ud55c \uadf8\ub9bc\uc744 \ubcf4\uc5ec\uc90d\ub2c8\ub2e4. \uc774\ub294 \uc2e4\uc81c\ub85c \uc77c\uc5b4\ub098\uc9c0 \uc54a\ub294 \ud5c8\uad6c\uc785\ub2c8\ub2e4. \ubbf8\uad6d \uacbd\uc81c\uc5d0\uc11c \ubaa8\ub4e0 \uc99d\uac00\ub41c \uc790\ubcf8\ud22c\uc790\ub294 \uc740\ud589\uc5d0\uc11c \uc624\ub294 \uac83\uc774 \uc544\ub2c8\ub77c \uae30\uc5c5\uc758 \uc774\uc775\uc789\uc5ec\uae08(retained earnings)\uc5d0\uc11c \uc635\ub2c8\ub2e4. \uc740\ud589\ub4e4\uc740 \uc0c8\ub85c\uc6b4 \uc790\ubcf8\ud22c\uc790\ub97c \ub0b3\uae30 \uc704\ud574 \ub300\ubd80\ud558\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \ubaa8\uae30\uc9c0, \uc790\ubcf8\uae08, \ubd80\ub3d9\uc0b0, \uc774\ubbf8 \uc874\uc7ac\ud558\ub294 \uc790\uc0b0\uc744 \ub2f4\ubcf4\ub85c \ub300\ubd80\ud558\uc9c0 \uc0c8\ub85c\uc6b4 \uc790\uc0b0\uc758 \ucc3d\ucd9c\uc744 \uc704\ud574 \ub300\ubd80\ud558\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\uc6b0\ub9ac\uac00 \uc815\ubd80\ud654\ud3d0\ub97c \ub9d0\ud560 \ub54c \uc6b0\ub9ac\ub294 \uacbd\uc81c\uc5d0 \ubc15\ucc28\ub97c \uac00\ud558\ub294, \uacbd\uc81c\uc131\uc7a5\uacfc \uc0c8\ub85c\uc6b4 \ud22c\uc790\ub97c \ucd09\uc9c4\ud558\ub294 \uc815\ubd80\uc9c0\ucd9c\uc5d0 \ub300\ud574 \ub9d0\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \uc815\ubd80\ud22c\uc790 \ubc0f \uc911\uc559\uc740\ud589 \ud654\ud3d0\ucc3d\ucd9c\uc758 \uae30\ub2a5\uc740 \ubbfc\uac04\uc740\ud589\uc758 \uae30\ub2a5\uacfc\ub294 \ub9e4\uc6b0 \ub2e4\ub985\ub2c8\ub2e4. \uc815\ubd80\uc758 \ud654\ud3d0\ub294 \uadf8\uc57c\ub9d0\ub85c \ubd80\ucc44\uc785\ub2c8\ub2e4.<span style=\"color: #008080;\">[\uc815\ubd80\uac00 \ud654\ud3d0\ub97c \ubc1c\ud589\ud558\ub294 \uac83\uc740 \uc815\ubd80\uac00 \ube5a\uc744 \uc9c0\ub294 \uac83\uacfc \uac19\ub2e4\uace0 \ubcf8 \uac83\uc774\ub2e4.\u2015\uc815\ub9ac\uc790]<\/span> \ub2f9\uc2e0\uc758 \ud638\uc8fc\uba38\ub2c8\uc5d0 \ub4e4\uc5b4\uc788\ub294 \ub9ac\ub77c<span style=\"color: #008080;\">[\uc774\ud0c8\ub9ac\uc544\uc758 \ud1b5\ud654\u2015\uc815\ub9ac\uc790]<\/span>\ub294 \ubd80\ucc44\uc785\ub2c8\ub2e4. \uc9c0\ud3d0\ub3c4 \ubd80\ucc44\uc785\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc774\ub294 \uc544\ubb34\ub3c4 \uadf8 \uc0c1\ud658\uc744 \uc0dd\uac01\ud558\uc9c0 \uc54a\ub294 \ubd80\ucc44\uc785\ub2c8\ub2e4. \uc774\ub97c \uc0c1\ud658\ud55c\ub2e4\ub294 \uac83\uc740 \ud638\uc8fc\uba38\ub2c8\uc5d0 \ud1b5\ud654\uac00 \ub0a8\uc544\uc788\uc9c0 \uc54a\uac8c \ub428\uc744 \uc758\ubbf8\ud558\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. <span style=\"color: #008080;\">[\uc815\ubd80\uc5d0 \uc758\ud55c \ud654\ud3d0\uc640 \uc2e0\uc6a9\uc758 \ucc3d\ucd9c\uc744 \uc774\ub807\uac8c \uacf5\uc775\uc11c\ube44\uc2a4(public utility)\ub85c \ubcf4\ub294 \uc774\ub860\uc774 \ud604\ub300 \ud654\ud3d0 \uc774\ub860(Modern Monetary Theory)\uc774\ub2e4.\u2015\uc815\ub9ac\uc790]<\/span><\/p>\n<p>\uc0c1\uc5c5\uc801 \ubd80\ucc44<span style=\"color: #008080;\">[\uacf5\uc775\uc774 \uc544\ub2c8\ub77c \uc0ac\uc801 \uc774\uc775\uc744 \ubaa9\uc801\uc73c\ub85c \ud558\ub294 \ubd80\ucc44\u2015\uc815\ub9ac\uc790]<\/span>\ub294 \uc0c1\ud658\uc744 \uc804\uc81c\ub85c \ud558\uba70 \uc774\uc790\ub97c \ub0b3\uc2b5\ub2c8\ub2e4. \uc774 \uc0c1\uc5c5\uc801 \ubd80\ucc44\uac00 \ub298\uc5b4\ub098\uc790\u2015\ubaa8\uae30\uc9c0, \uae30\uc5c5\uc5d0\uc758 \uc740\ud589\ub300\ucd9c, \uae30\uc5c5\uc0ac\ub0e5\uc744 \uc704\ud55c \ubd80\ucc44 \ub4f1\u2015\uc5c4\uccad\ub09c \ubd80\ucc44 \uac04\uc811\ube44\uc6a9\uc774 \uacbd\uc81c\uc5d0 \ud070 \ubd80\ub2f4\uc73c\ub85c \uc9c0\uc6cc\uc9d1\ub2c8\ub2e4. \uc0c1\uc5c5\uc740\ud589\ub4e4\uc774 \ub354 \ub9ce\uc774 \ub300\ubd80\ud558\uba74 \ud560\uc218\ub85d \uc774 \ubd80\ucc44\uc758 \uac04\uc811\ube44\uc6a9\uc744 \uac10\ub2f9\ud558\uae30 \uc704\ud574\uc11c \ub354 \ub9ce\uc740 \uc774\uc790\uac00 \uc9c0\ubd88\ub418\uc5b4\uc57c \ud569\ub2c8\ub2e4. \ubb38\uc81c\ub294, \ubd80\ucc44\ub97c \uac1a\ub294 \ub370 \uc9c0\ucd9c\ub418\ub294 \ud654\ud3d0\ub294 \uc7ac\ud654\uc640 \uc11c\ube44\uc2a4\uc5d0 \uc9c0\ucd9c\ub420 \uc218 \uc5c6\ub2e4\ub294 \uac83\uc785\ub2c8\ub2e4. \uc0c1\uc5c5\uc740\ud589\ub4e4\uc774 \ubd80\ucc44\ub97c \ucc3d\ucd9c\ud560 \ub54c\uc5d0\ub294 \uc7ac\ud654\uc640 \uc11c\ube44\uc2a4\uc5d0 \uc9c0\ucd9c\ub418\ub358 \uc18c\ub4dd\uc774 \ubd80\ucc44\uc11c\ube44\uc2a4 \ube44\uc6a9\uc744 \uc9c0\ubd88\ud558\ub294 \ub370\ub85c \ub3cc\ub824\uc9d1\ub2c8\ub2e4. \uc774\uac83\uc774 \ubc14\ub85c \ubd80\ucc44\ub514\ud50c\ub808\uc774\uc158(debt deglation)\uc785\ub2c8\ub2e4. \ubd80\ucc44\ub514\ud50c\ub808\uc774\uc158\uc774 \uc624\ub298\ub0a0\ucc98\ub7fc \uc624\ub798 \uc9c4\ud589\ub418\uba74 \uae08\uc735\uc790\ubcf8\uc8fc\uc758\uc758 \ud6c4\uae30 \ub2e8\uacc4\uc778 \ubd80\ucc44\ub514\ud50c\ub808\uc774\uc158 \ub2e8\uacc4, \uae34\ucd95 \ub2e8\uacc4\ub85c \ub4e4\uc5b4\uc11c\ub294\ub370, \ubc14\ub85c \uc720\ub7fd\uc774 \uc624\ub298\ub0a0 \uc774 \ub2e8\uacc4\uc5d0 \uc640 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\ud654\ud3d0\uc5d0 \ub300\ud55c \uc774 \ubaa8\ub4e0 \uc804\ubb38\uc801\uc778 \ub17c\uc758\uc5d0\ub294 \uc815\uce58\uc801 \uce21\uba74\uc774 \uc788\uc2b5\ub2c8\ub2e4. \uc815\ubd80\uac00 \ud654\ud3d0\ub97c \ucc3d\ucd9c\ud55c\ub2e4\uba74, \ud63c\ud569\ub41c \uacbd\uc81c, \uc989 \uc0ac\uc801 \uc790\ubcf8\ud22c\uc790\uc640 \uacf5\uc801 \uc790\ubcf8\ud22c\uc790\uac00 \ud63c\ud569\ub41c \uacbd\uc81c\uac00 \ucc3d\ucd9c\ub418\ub294 \uac83\uc785\ub2c8\ub2e4. \uc774\uac83\uc774 \uc720\ub7fd\uc758 \ubaa8\ub4e0 \ub098\ub77c\ub4e4\uacfc \ubbf8\uad6d\uc744 \ubd80\uc720\ud558\uac8c \ub9cc\ub4e0 \uacbd\uc81c\uc785\ub2c8\ub2e4. \uacbd\uc81c\uc5d0 \ube44\uc6a9\uac00\uaca9<span style=\"color: #008080;\">[\uc774\uc724\uc744 \ubd99\uc774\uc9c0 \uc54a\uc740 \uac00\uaca9\u2015\uc815\ub9ac\uc790]<\/span>\uc73c\ub85c \uacf5\uae09\ub420 \uacf5\uc801 \uae30\ubc18\uc2dc\uc124\uc5d0 \uc815\ubd80\uac00 \ud22c\uc790\ud558\uc5ec \uadf8 \uae30\ubc18\uc2dc\uc124\uc744 \ubb34\uc0c1\uc73c\ub85c \uc0ac\uc6a9\ud560 \uc218 \uc788\uac8c \ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \uadf8\ub7f0\ub370 \uc815\ubd80\uac00 \ud654\ud3d0\ub97c \ucc3d\ucd9c\ud560 \uc218 \uc5c6\uac8c \ub418\uba74, \uacbd\uc81c\uc5d0 \ud544\uc694\ud55c \ubaa8\ub4e0 \uc2e0\uc6a9\uc774 \uc0c1\uc5c5\uc740\ud589\ub4e4\uc5d0 \uc758\ud574 \ucc3d\uc870\ub418\uac8c \ub418\uba74, \uc0c1\uc5c5\uc740\ud589\uc758 \uc2e0\uc6a9\ucc3d\uc870\uac00 \ubd80\ucc44 \ub514\ud50c\ub808\uc774\uc158\uc744 \ub0b3\uc73c\uba70, \uc815\ubd80\uac00 \uc774\uc790\ub97c \uc9c0\ubd88\ud558\uae30 \uc704\ud574 \uc7ac\uc815\uc744 \ub308 \uc218 \uc5c6\ub2e4\uba74, \uc0c1\uc5c5\uc740\ud589\ub4e4\uc740 \u2018\uc88b\uc544, \uadf8\ub7ec\uba74 \ud30c\uc2dc\uc624\u2019\ud558\uba74\uc11c \uae30\ubc18\uc2dc\uc124\uc744 \uc0ac\uc720\ud654\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \uc774\uac83\uc774 \uc624\ub298\ub0a0 \uc6b0\ub9ac\uac00 \uadf8\ub9ac\uc2a4, \uc544\uc77c\ub79c\ub4dc\uc5d0\uc11c \ubcf4\uace0 \uc788\uace0, \uc544\uc774\uc2ac\ub79c\ub4dc\uc5d0\uc11c \ubcf8 \uac83\uc785\ub2c8\ub2e4. \uc774\ub807\uac8c \uae08\uc735\uc774 \uae30\ubc18\uc2dc\uc124\uc744 \uac00\ub85c\ucc44\ub294 \uc77c\uc740 \uc0c1\uc5c5\uc801 \uc740\ud589\uc5c5\uc790\ub4e4\uc774 \uc911\uc559\uc740\ud589\uc774 \uc2e0\uc6a9\uc744 \ucc3d\uc870\ud558\uc9c0 \ubabb\ud558\ub3c4\ub85d \ud558\ub294 \ub2a5\ub825\uc5d0 \uc758\ud574\uc11c \uc77c\uc5b4\ub0a9\ub2c8\ub2e4.<\/p>\n<p>\ub300\ubd80\ubd84\uc758 \uae30\ubc18\uc2dc\uc124\uc740 \uc740\ud589\uc758 \ubc29\ub300\ud55c \uc591\uc758 \uc0c8\ub85c\uc6b4 \ub300\ubd80\ub97c \ud1b5\ud574 \uad6c\ub9e4\ub429\ub2c8\ub2e4. \uadf8\ub798\uc11c \uc0c1\uc5c5\uc740\ud589\uc758 \uc815\uce58\uc801 \uc804\ub7b5\uc740 \ub9e8 \uba3c\uc800 \uc911\uc559\uc740\ud589\uc73c\ub85c \ud558\uc5ec\uae08 \ud654\ud3d0\ub97c \ucc3d\ucd9c\ud558\uc9c0 \ubabb\ud558\uac8c \ud558\uace0 \uadf8 \ub2e4\uc74c\uc5d0 \uc815\ubd80\ub4e4\uc774 (\uc774\uc790 \uc5c6\ub294 \ubd80\ucc44\ub97c \ub0b4\uc9c0<span style=\"color: #008080;\">[\ud654\ud3d0\ub97c \ubc1c\ud589\ud558\ub294 \uac83\uc744 \ub9d0\ud55c\ub2e4\u2015\uc815\ub9ac\uc790])<\/span><span style=\"display: inline !important; float: none; background-color: transparent; color: #191e23; cursor: text; font-family: 'Noto Serif'; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"> \ub9d0\uace0<\/span> \uc0c1\uc5c5\uc740\ud589\ub4e4\ub85c\ubd80\ud130 \ube4c\ub9b4 \ud544\uc694\uac00 \uc788\ub2e4\uace0, \uc0c1\uc5c5\uc740\ud589\ub4e4\uc5d0 \uc774\uc790\ub97c \uc9c0\ubd88\ud560 \ud544\uc694\uac00 \uc788\ub2e4\uace0 \ub9d0\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \uadf8\ub7f0 \ub2e4\uc74c, \uc815\ubd80\ub4e4\uc740 \uc774\uc790\ub97c \uc9c0\ubd88\ud558\uae30 \uc704\ud574\uc11c \uae30\ubc18\uc2dc\uc124\uc744 \ud314\uc544\ub118\uaca8\uc57c \ud558\ub294\ub370, \uadf8 \uacb0\uacfc \uc624\ub298\ub0a0 \uc740\ud589\uc5c5\uc790\ub4e4\uc774 \uacfc\uac70\uc5d0\ub294 \uad70\uc0ac\uce68\ub7b5\uc744 \ud1b5\ud574 \uc774\ub8e8\uc5c8\ub358 \uc7ac\uc0b0\ud0c8\ucde8\ub97c \ud589\ud560 \uc218 \uc788\ub294 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<p>\uadf8\ub798\uc11c \uc624\ub298\ub0a0 \uc6b0\ub9ac\uac00 \ubaa9\uaca9\ud558\ub294 \uac83\uc740 \uc0c8\ub85c\uc6b4 \uc885\ub958\uc758 \uc804\uc7c1\uc785\ub2c8\ub2e4. \uae08\uc735\uc774 \uc0ac\ud68c \uc804\uccb4\uc5d0 \ub300\ud574\uc11c \ubc8c\uc774\ub294 \uc804\uc7c1\uc785\ub2c8\ub2e4. \ub178\ub3d9\ubfd0 \uc544\ub2c8\ub77c \uc0b0\uc5c5\uc5d0 \ub300\ud574\uc11c, \uadf8\ub9ac\uace0 \ubb34\uc5c7\ubcf4\ub2e4\ub3c4 \uc815\ubd80\uc5d0 \ub300\ud574\uc11c \ubc8c\uc774\ub294 \uc804\uc7c1\uc785\ub2c8\ub2e4. \uc774 \uc804\uc7c1\uc5d0\uc11c \ub3c4\uad6c\ub294, \uc815\ubd80\uc758 \ud654\ud3d0\ucc3d\ucd9c\uc774 \uc778\ud50c\ub808\uc774\uc158\uc744 \ub0b3\uc744 \uac83\uc774\ub77c\uace0 \uc0ac\ub78c\ub4e4\uc774 \ubbff\uac8c \ub9cc\ub4dc\ub294 \uac83\uc785\ub2c8\ub2e4. \uc5ec\ub7ec\ubd84 \ubaa8\ub450\ub294 \uc9c0\ub09c 30\ub144 \ub3d9\uc548 \uc5ec\uae30 \uc774\ud0c8\ub9ac\uc544\uc5d0\uc11c \ubb3c\uac00\uac00 \uadf8\ub2e4\uc9c0 \uc624\ub974\uc9c0 \uc54a\uc558\uace0 \uc784\uae08\uc774 \uadf8\ub2e4\uc9c0 \uc624\ub974\uc9c0 \uc54a\uc558\uc73c\uba70 \uc624\ub978 \uac83\uc740 \uc8fc\ud0dd\uac00\uaca9\uc774\uace0 \uc0b4 \uacf3\uc744 \ub9c8\ub828\ud558\uae30 \uc704\ud574\uc11c\ub294 \ud3c9\uc0dd \uac1a\uc744 \ube5a\uc744 \uc838\uc57c \ud568\uc744 \ubcf4\uc558\uc744 \uac83\uc785\ub2c8\ub2e4. \ubbf8\uad6d\uc5d0\uc11c \ud559\uc0dd\ub4e4\uc740 \uad50\uc721\uc744 \ubc1b\uc544 \uc9c1\uc7a5\uc744 \uad6c\ud558\uae30 \uc704\ud574\uc11c \uc2ed\ub144 \uac1a\uc744 \ube5a\uc744 \uc838\uc57c \ud569\ub2c8\ub2e4. 100\ub144 \uc804\uc5d0\ub294 \uc815\ubd80\uac00 \uad50\uc721\uc774 \ubb34\uc0c1\uc73c\ub85c \uc774\ub8e8\uc5b4\uc9c0\ub3c4\ub85d \uc7ac\uc815\uc744 \ub300\ub294 \uac83\uc774 \uc774\uc0c1(\uf9e4\u60f3)\uc774\uc5c8\ub294\ub370 \ub9d0\uc785\ub2c8\ub2e4.<\/p>\n<p>\uad50\uacfc\uc11c\ub4e4\uc740 \ub9c8\uce58 \uacbd\uc81c\uac00 \ube5a \uc5c6\uc774 \uc2e4\uc9c8\uc801 \uad50\ud658\uc744 \uae30\ubc18\uc73c\ub85c \uc791\ub3d9\ud558\ub294 \uac83\ucc98\ub7fc \uc81c\uc2dc\ud569\ub2c8\ub2e4. \uc624\ub298 \uc6b0\ub9ac\uac00 \uc5ec\uae30\uc11c \ub17c\uc758\ud558\uace0 \uc788\ub294 \uac83\uc744 \uad50\uacfc\uc11c\ub4e4\uc774 \uc5b8\uae09\ud558\uc9c0 \uc54a\ub294 \uac83\uc740 \uc0c1\uc5c5\uc740\ud589\uc758 \uc2e0\uc6a9\ucc3d\uc870\uc640 \uad8c\ub825 \uc7a5\uc545\uc5d0 \ub300\ud55c \ub300\uc548\uc774 \uc788\ub2e4\ub294 \uac83\uc744 \uc0ac\ub78c\ub4e4\uc774 \uae68\ub2eb\ub294 \uac83\uc744 \ubc14\ub77c\uc9c0 \uc54a\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. \uc2dc\uc778 \ubcf4\ub4e4\ub808\ub974\ub294 \uc0ac\ud68c\uac00 \uc545\ub9c8\ub294 \uc874\uc7ac\ud558\uc9c0 \uc54a\ub294\ub2e4\uace0 \ubbff\ub294 \uadf8 \uc9c0\uc810\uc5d0\uc11c \uc545\ub9c8\uac00 \uc2b9\ub9ac\ud55c\ub2e4\uace0 \ub9d0\ud588\uc2b5\ub2c8\ub2e4.<span style=\"color: #008080;\">[\u201c\uc545\ub9c8\uc758 \uac00\uc7a5 \uad50\ubb18\ud55c \ucc45\ub7b5\uc740 \ub2f9\uc2e0\uc774 \uadf8\uac00 \uc874\uc7ac\ud558\uc9c0 \uc54a\ub294\ub2e4\uace0 \ubbff\uac8c \ub9cc\ub4dc\ub294 \uac83\uc774\ub2e4\u201d(\u201cLa plus belle des ruses du diable est de vous persuader qu&#8217;il n&#8217;existe pas.&#8221;)\ub294 \ubcf4\ub4e4\ub808\ub974\uc758 <i>Spleen de Paris<\/i>\uc758 \u201cLe Joueur g\u00e9n\u00e9reux\u201d(\u300c\uad00\ub300\ud55c \ub3c4\ubc15\uafbc\u300d)\uc5d0 \ub098\uc628\ub2e4.\u2015\uc815\ub9ac\uc790]<\/span> \uae08\uc735 \ubd80\ubb38\uc740, \uc740\ud589\ub4e4\uc774 \ubd80\ud480\ub9ac\uace0 \uc788\ub294 \uac00\uaca9\uc774 \uc790\uc0b0 \uac00\uaca9, \ubd80\ub3d9\uc0b0 \uac00\uaca9, \uc99d\uad8c \ubc0f \uc8fc\uc2dd \uac00\uaca9\uc784\uc744 \ub2f9\uc2e0\uc774 \ubcf4\uc9c0 \ubabb\ud558\uace0, \uc0c1\uc5c5\uc740\ud589\ub4e4\uc758 \uc5ed\ud560\uc740 \uc0ac\ud68c \uc704\uc5d0, \ub178\ub3d9 \uc704\uc5d0, \uc0b0\uc5c5 \uc704\uc5d0 \uad70\ub9bc\ud558\ub294 \ubd80\uc758 \uad8c\ub825\uc744 \uc99d\uac00\uc2dc\ucf1c \uc740\ud589\uc5c5\uc790\ub4e4\ub85c \uad6c\uc131\ub418\ub294 \uc0c8\ub85c\uc6b4 \uc9c0\ubc30\uacc4\uce35\u201519\uc138\uae30 \ud6c4\ubc18\uc5d0 \ube44\ud310\uc744 \ubc1b\uc740 \uc9c0\uc8fc\ub4e4\ubcf4\ub2e4 \ud6e8\uc52c \ub354 \ud070 \ubd80\ub2f4\uc744 \uc0ac\ud68c\uc5d0 \uc9c0\uc6b0\ub294 \uc9c0\ubc30\uacc4\uce35\u2015\uc744 \ucc3d\ucd9c\ud558\ub294 \uac83\uc774\ub77c\ub294 \uc810\uc744 \ub2f9\uc2e0\uc774 \ubcf4\uc9c0 \ubabb\ud558\ub294 \uc9c0\uc810\uc5d0\uc11c \uc2b9\ub9ac\ud569\ub2c8\ub2e4.<\/p>\n<p>200\ub144 \ub3d9\uc548 \uace0\uc804\uacbd\uc81c\ud559\uc740 \uc0b0\uc5c5\uc790\ubcf8\uc8fc\uc758\ub85c\ubd80\ud130 \ubd09\uac74\uc8fc\uc758\uc758 \uc794\uc7ac\ub97c \uc81c\uac70\ud558\ub824\uace0 \ud588\ub294\ub370, \uc774 \uc794\uc7ac\ub780 \uc138\uc2b5 \uadc0\uc871\uacc4\uae09\uc758 \uc0ac\uc801 \ud1a0\uc9c0\uc18c\uc720\uc640 \uc0c1\uc5c5\uc740\ud589\ub4e4\uc774\uc5c8\uc2b5\ub2c8\ub2e4. \uc0c1\uc5c5\uc740\ud589\ub4e4\uc740 \uc815\ubd80\ub85c \ud558\uc5ec\uae08 \ube5a\uc744 \uc9c0\uac8c \ud558\uace0 \uadf8 \ub2e4\uc74c\uc5d0 \ub2f4\ubcf4\uad8c\uc744 \ud589\uc0ac\ud558\uc5ec \ubd80\ucc44\ub97c \ub3c5\uc810\uacfc \uad50\ud658\ud588\uc2b5\ub2c8\ub2e4. \uc601\uad6d\uc5d0\uc11c\ub294 \ubc14\ub85c \uc774\ub7f0 \uc2dd\uc73c\ub85c \ubb34\uc5ed\ud68c\uc0ac\ub4e4\uc774 \ud615\uc131\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \ub3d9\uc778\ub3c4\ud68c\uc0ac, \ub3c5\uc810\uc744 \ub204\ub9b0 \uc601\uad6d\uc740\ud589 \ub4f1. \ubbf8\uad6d\uc5d0\uc11c\ub3c4 \ucca0\ub3c4\ub97c \ud1b5\ud574 \uc720\uc0ac\ud558\uac8c \ub3c5\uc810\uc774 \ucc3d\ucd9c\ub418\uc5c8\ub294\ub370, \ucca0\ub3c4 \uac74\uc124\uc6a9 \ubd88\ud558 \ud1a0\uc9c0\uc758 \uc0ac\uc720\ud654\ub97c \ud1b5\ud574 \ucd5c\ub300\uc758 \ud1a0\uc9c0\uc18c\uc720\uc790\ub4e4\uc774 \ub098\uc635\ub2c8\ub2e4. \ubc1c\uc790\ub044\ub294 \uadf8\uc758 \uc18c\uc124\uc5d0\uc11c \ubaa8\ub4e0 \uac00\uc871 \uc7ac\uc0b0 \ub4a4\uc5d0\ub294 \uc885\uc885\uc740 \ubc1c\uacac\ub418\uc9c0 \uc54a\ub294 \uac70\ub300\ud55c \uc808\ub3c4\uac00 \uc874\uc7ac\ud55c\ub2e4\uace0 \uc4f4 \ubc14 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub7f0\ub370 \ud604\ub300 \uacbd\uc81c\ud559\uc740 \uc624\ub298\ub0a0 \uc77c\uc5b4\ub098\uace0 \uc788\ub294 \ubaa8\ub4e0 \uc808\ub3c4, \uc790\ubcf8 \uc774\uc804(\u79fb\u8f49), \uc774\uc804 \uc9c0\ubd88(transfer payments)\uc744 \ub9c8\uce58 \uadf8\uac83\uc774 \uc0dd\uc0b0\uc801\uc778 \uc591, \ub9c8\uce58 \ubaa8\ub4e0 \uc18c\ub4dd\uc774 \uadfc\ub85c\uc18c\ub4dd\uc778 \uc591 \ucde8\uae09\ud569\ub2c8\ub2e4. \uc138\uacc4\uc758 \ubaa8\ub4e0 \uc815\ubd80\ub294 \u2018\uad6d\ubbfc\uc18c\ub4dd \ubc0f \uc0dd\uc0b0\uacc4\uc815\u2019(NIPA)\uc744 \ubc1c\ud589\ud558\uace0 \uc788\ub294\ub370, \uc5ec\uae30\uc11c \uc9c0\ub300(\uc784\ub300\ub8cc)\ub294 \ud1a0\uc9c0\uc18c\uc720\uc790\ub4e4(\uc9d1\uc8fc\uc778\ub4e4)\uc758 \uc18c\ub4dd\uc73c\ub85c \ub418\uc5b4\uc788\uace0 \uc774\uc790\ub294 \uc740\ud589\uc5c5\uc790\ub4e4\uc758 \uc18c\ub4dd\uc73c\ub85c \ub418\uc5b4 \uc788\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d\uc5d0\uc11c \uae08\uc735 \ubd80\ubb38\uc740 \ubaa8\ub4e0 \uc2e0\uace0\ub41c \uae30\uc5c5\uc18c\ub4dd\uc758 40%\ub97c \ucc28\uc9c0\ud569\ub2c8\ub2e4. \uadf8\ub798\uc11c \uc0c8\ub85c\uc6b4 \uc124\ube44\uc5d0 \ud22c\uc790\ub418\uc5b4 \ub178\ub3d9\uc744 \uace0\uc6a9\ud558\ub294 \uc0b0\uc5c5\uc790\ubcf8\uc73c\ub85c\ubd80\ud130 \uacbd\uc81c\uc801 \uc789\uc5ec\uac00 \ube60\uc838\ub098\uc640 \uae08\uc735\uc790\ubcf8\uc73c\ub85c \ud758\ub7ec\ub4e4\uc5b4\uac00\ub294 \uc77c\uc774 \uc77c\uc5b4\ub0a9\ub2c8\ub2e4. \uae08\uc735\uc790\ubcf8\uc774 \ub300\ucd9c\ub418\uc5b4 \uc774\uc790\ub97c \ubc1b\uace0 \uadf8 \uc774\uc790\ub97c \ub2e4\uc2dc \ub300\ucd9c\ud558\uba70 \uc774\uac83\uc774 \ubc18\ubcf5\ub418\uc5b4 \ubbf8\uad6d\uc778\ub4e4\uc774 \ubcf5\ub9ac\uc758 \ub9c8\ubc95\uc774\ub77c\uace0 \ubd80\ub978 \uae30\ud558\uae09\uc218\uc801\uc778 \uc99d\uac00\uac00 \uc774\ub8e8\uc5b4\uc9d1\ub2c8\ub2e4. \ubcf5\ub9ac\uc758 \uc99d\uac00\ub294 \ub108\ubb34 \ucee4\uc11c \uadf8 \uc5b4\ub5a4 \uc815\ubd80\uc758 \uc9c0\ubd88 \ub2a5\ub825\ub3c4 \ud6e8\uc52c \ub118\uc5b4\uc12d\ub2c8\ub2e4. \uadf8 \uacb0\uacfc\ub294 \ucc44\ubb34\ubd88\uc774\ud589\uc774 \ub420 \uc218\ubc16\uc5d0 \uc5c6\ub294\ub370, \uc624\ub298\ub0a0 \uc720\ub7fd\uacfc \ubbf8\uad6d\uc740 \uae08\uc735 \ubd80\ubb38\uc774 \uc790\uc0b0\uc744 \ud0c8\ucde8\ud558\uace0 \uacf5\uc801 \ub3c4\uba54\uc778, \uacf5\uae30\uc5c5, \ub3c4\ub85c, \ubc29\uc1a1 \uc2dc\uc2a4\ud15c, \ud56d\uad6c \ub4f1\uc744 \uc0ac\uc720\ud654\ud558\ub294 \uc815\ub3c4\uc5d0 \uc774\ub974\ub800\uc2b5\ub2c8\ub2e4. \uc774\ub7f0 \uc790\uc0b0\uc744 \uc0ac\uc720\ud654\ud560 \ub54c\uc5d0\ub294, \uac00\ub839 \ub3c4\ub85c\ub97c \uc0ac\uc720\ud654\ud560 \ub54c\uc5d0\ub294 \u2018\uad6c\ub9e4\uc790\ub4e4\u2019\uc774 \uc774\uc790\ub97c \uc9c0\ubd88\ud574\uc57c \ud558\uba70 \ubc30\ub2f9\uae08\uc744 \uc9c0\ubd88\ud558\uace0 \ud68c\uc0ac \uacbd\uc601\uc9c4\uc5d0\uac8c \uc5c4\uccad\ub09c \uc561\uc218\uc758 \ubd09\uae09\uc744 \uc8fc\uba70 \uc99d\uad8c\uc778\uc218\uc5c5\uc790\uc5d0\uac8c \uae08\uc735 \uc218\uc218\ub8cc\ub97c \uc9c0\ubd88\ud558\uace0 \uacbd\uc601\uc9c4\uc5d0\uac8c \uc2a4\ud1a1\uc635\uc158\uc744 \uc81c\uacf5\ud558\uba70, \uadf8\ub7f0 \ub2e4\uc74c\uc5d0\ub294 \uc774 \uacf5\uacf5\uc11c\ube44\uc2a4\uc758 \uac00\uaca9\uc744 \uac00\ub2a5\ud55c \ud55c \ucd5c\uace0\uc758 \uc790\uc0b0\uc18c\ub4dd\ub97c \ub04c\uc5b4\ub0b4\ub294 \uc9c0\uc810\uae4c\uc9c0 \uc62c\ub9bd\ub2c8\ub2e4. \uacbd\uc81c\ub294 \ud1b5\ud589\ub8cc \uc9d5\uc218\ub85c \uc804\ud658\ub429\ub2c8\ub2e4. \ud1b5\ud589\ub8cc \uc9d5\uc218\uc18c\ub97c \uc8fc\ud0dd\uc5d0 \uc811\uadfc\ud558\ub294 \uacf3, \ub3c4\ub85c\uc5d0 \uc811\uadfc\ud558\ub294 \uacf3, \uc804\ud654 \uc2dc\uc2a4\ud15c\uc5d0 \uc811\uadfc\ud558\ub294 \uacf3, \uc2e0\uc6a9\uce74\ub4dc\uc5d0 \uc758\ud55c \uc9c0\ubd88\uc5d0 \uc0ac\uc6a9\ub420 \ub3c8\uc744 \uc704\ud55c \uc2e0\uc6a9\uc5d0 \uc811\uadfc\ud558\ub294 \uacf3\uc5d0 \uc124\uce58\ud569\ub2c8\ub2e4. \uac11\uc790\uae30 \uc6b0\ub9ac\ub294, \uacbd\uc81c\ub97c \uc791\ub3d9\uc2dc\ud0a4\ub294 \ube44\uc6a9\uc5d0 \ub3c8\uc744 \uc9c0\ubd88\ud558\ub294 \uac83\uc774 \uc544\ub2c8\ub77c \uc0ac\ub78c\ub4e4\uc758 \ud2b9\uad8c\uc5d0, \uae08\uc735 \ubd80\ubb38\uc5d0, \uadf8\ub9ac\uace0 \uc790\uc0b0\uc18c\ub4dd\uc790(rentiers)\ub77c\uace0 \ubd88\ub9ac\ub358 \uce35\u2015\uc774\ub4e4\uc740 \ub2e8\uc9c0 \uc5bb\uc5b4\ub0bc \uac83\uc744 \uccad\uad6c\ud560 \ubfd0\uc774\uba70 \ubd80\ub97c \uc790\uc2e0\ub4e4\uc758 \uc218\uc911\uc73c\ub85c \ube68\uc544\ub4e4\uc785\ub2c8\ub2e4\u2015\uc5d0 \uc9c0\ubd88\ud558\ub294 \uc0c1\ud669\uc5d0 \ucc98\ud558\uac8c \ub429\ub2c8\ub2e4.<\/p>\n<p>\ubbf8\uad6d\uc5d0\uc11c \uc0dd\uc0b0\uacfc \uc18c\ube44\ub85c \uc774\ub8e8\uc5b4\uc9c0\ub294 \ud604\uc2e4 \uacbd\uc81c\ub294 \uc9c0\ub09c 30\ub144 \ub3d9\uc548 \uc2e4\uc81c\ub85c \uc1e0\ud1f4\ud588\uc2b5\ub2c8\ub2e4. \uc9c0\uae08 \uacbd\uc81c\uc5d0\uc11c \ubaa8\ub4e0 \uc131\uc7a5\uc740 \uc790\uc0b0\uc18c\ub4dd\uc790 \ubd80\ubb38\uc73c\ub85c, FIRE \ubd80\ubb38(finance, insurance and real estate)\uc774\ub77c\uace0 \ubd88\ub9ac\ub294 \uacf3\uc73c\ub85c \uac00\ub294 \uac04\uc811\ube44\uc6a9\uc5d0\uc11c \uc77c\uc5b4\ub0a9\ub2c8\ub2e4. \uc9c0\uae08\uc740 \uc774 \ubd80\ubb38\uc5d0 \ubc95\uc2dc\uc2a4\ud15c\uacfc \ub3c5\uc810\uc2dc\uc2a4\ud15c\uc774 \ud3ec\ud568\ub418\uc5b4\uc57c \ud560 \uac83\uc785\ub2c8\ub2e4. \uadf8\ub798\uc11c \uad50\uacfc\uc11c\ub3c4 \ubaa8\ub974\uace0 \uc544\ubb34\ub3c4 \ubaa8\ub974\ub294 \uc0c8\uc5d0 \uc608\uc804\uc5d0 \uc0b0\uc5c5\uc790\ubcf8\uc8fc\uc758\ub85c\uc11c \ubd84\uc11d\ub418\ub358 \uac83\uc774 \uae08\uc735\uc790\ubcf8\uc8fc\uc758\ub85c \uc804\ud658\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc774 \uae08\uc735\uc790\ubcf8\uc8fc\uc758\ub294 100\ub144 \uc804\uc5d0 \uc0dd\uac01\ud588\ub358 \uc885\ub958\uc758 \uac83\uacfc\ub294 \uc804\ud600 \ub2e4\ub985\ub2c8\ub2e4. \uc0b0\uc5c5\uc5d0 \uc790\uae08\uc744 \ub300\ub294 \uac83\uc774 \uc544\ub2c8\uace0 \uacbd\uc81c\uc801 \uae30\uc0dd\uacfc \uac04\uc811\ube44\uc6a9\uc5d0 \uc790\uae08\uc744 \ub300\ub294 \uac83\uc785\ub2c8\ub2e4. \uadf8\ub9ac\uace0 \uc774 \ubaa8\ub4e0 \uac83\uc774, \ub9c8\uce58 \ubd80\uc790\uac00 \ub418\ub294 \uae38\uc740 \ube5a\uc744 \uc838\uc11c \uadf8 \ub3c8\uc73c\ub85c \uac00\uaca9\uc774 \ubd80\ud480\uc5b4 \uc624\ub97c \uc790\uc0b0\uc744 \uc0ac\ub294 \uac83\uc778 \uc591 \uc81c\uc2dc\ub429\ub2c8\ub2e4. \ubd80\ub3d9\uc0b0\uc774\ub098 \uacf5\uae30\uc5c5\uc758 \uac00\uaca9\uc774 \uc624\ub97c \ub54c, \uc774\ub294 \uc2e4\uc81c\ub85c \uac00\uce58\uac00 \uc99d\uac00\ud574\uc11c \uadf8\ub7f0 \uac83\uc774 \uc544\ub2d9\ub2c8\ub2e4. \uc8fc\ud0dd\uc774\ub098 \uc7ac\uc0b0\uc740 \uc740\ud589\uc774 \ub300\ucd9c\ud574\uc8fc\ub294 \ub9cc\ud07c\uc758 \uac12\uc744 \uac00\uc9c0\uba70, \ub300\ucd9c\uc870\uac74\uc774 \ub290\uc2a8\ud574\uc9c0\uba74 \uacbd\uc81c\uc758 \uc9c0\ubd88\ub2a5\ub825\uc744 \ud6cc\uca4d \ub118\uc5b4\uc11c\ub294 \uc5c4\uccad\ub09c \uc778\ud50c\ub808\uc774\uc158\uc774 \uc790\uc0b0 \uac00\uaca9\uc5d0 \uc0dd\uae30\uac8c \ub429\ub2c8\ub2e4. \ub9c8\uac10 \uae30\ud55c\uc774 \uc5ec\uc9c0\uc5c6\uc774 \uc635\ub2c8\ub2e4. \uae08\uc735 \uc790\ubcf8\uc8fc\uc758\ub294 \uac70\ud488 \uacbd\uc81c\ub85c \uc804\ud658\ub429\ub2c8\ub2e4. \uc740\ud589\ub4e4\uc774 \ucc44\ubb34\ubd88\uc774\ud589\uc744 \uadf8\ub9ac\uace0 \uc5f0\uc1c4\uc801 \uc9c0\ubd88\uc758 \ub2e8\uc808\uc744 \ud53c\ud560 \uc218 \uc788\ub294 \uc720\uc77c\ud55c \uae38\uc740 \ub354 \ub9ce\uc740 \ub3c8\uc744 \ube4c\ub824\uc8fc\ub294 \uac83\uc774\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4.<\/p>\n<p>\ubbf8\uad6d\uc5d0\uc11c \uc624\ubc14\ub9c8 \ud589\uc815\ubd80\uc758 \uc815\ucc45\uc740 \u2018\ub3c8\uc744 \ube4c\ub824\uc11c \ubd80\ucc44\uc5d0\uc11c \ube60\uc838\ub098\uc624\ub294 \uac83\u2019\uc774\ub77c\uace0 \uc124\uba85\ub429\ub2c8\ub2e4. \uac1a\uc744 \uc218 \uc5c6\uc73c\uba74 \uc740\ud589\uc5d0\uc11c \ub3c8\uc744 \ub354 \ube4c\ub9ac\uace0, \uadf8\uc800 \uadf8\ub9cc\ud07c \uc774\uc790\ub97c \ucd94\uac00\ud55c\ub2e4\ub294 \uac83\uc785\ub2c8\ub2e4. 1970\ub144\ub300\uc5d0 \ub77c\ud2f4\uc544\uba54\ub9ac\uce74\uac00 \ubc14\ub85c \uc774\ub7f0 \uc2dd\uc758 \uc0c1\ud669\uc774\uc5c8\uc73c\uba70 \uadf8\ub7ec\ub2e4\uac00 \ub9c8\uce68\ub0b4 \uac1a\uc744 \uc218 \uc5c6\uac8c \ub418\uc5c8\uc2b5\ub2c8\ub2e4. \ubd80\ucc44\ub294 \uc0ad\uac10\ub418\uc5b4\uc57c \ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\uc815\ubd80\uc758 \uc911\uc559\uc740\ud589 \ud654\ud3d0\ucc3d\ucd9c\ub85c\ubd80\ud130 \uc0c1\uc5c5\uc740\ud589 \uc2e0\uc6a9\ucc3d\ucd9c\ub85c\uc758 \uc774\ub7ec\ud55c \uc804\ud658\uc758 \ud544\uc5f0\uc801 \uacb0\ub9d0\uc740 \ud30c\uc0b0, \ubd80\ucc44\uc758 \uc0ad\uac10\uc785\ub2c8\ub2e4. \ub098\uc758 \ubd84\uc11d\uc758 \uae30\uc800\uc5d0 \uc788\ub294 \uae30\ubcf8 \uc804\uc81c\ub294 \u2018\uac1a\uc744 \uc218 \uc5c6\ub294 \ubd80\ucc44\ub294 \uac1a\uac8c \ub418\uc9c0 \uc54a\uc744 \uac83\uc774\ub2e4\u2019\uc785\ub2c8\ub2e4. \ub0b4\uac00 \uc544\ub294 \uc6d4\uac00\uc758 \ubaa8\ub4e0 \ubd84\uc11d\uac00\ub4e4\uc740 \uc774 \uc810\uc744 \uc54c\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc815\uce58\uc801 \ubb38\uc81c\ub294 \u2018\uc5b4\ub5bb\uac8c \uac1a\uc9c0 \uc54a\ub294\uac00?\u2019\uc785\ub2c8\ub2e4. \uc740\ud589\ub4e4\ub85c \ud558\uc5ec\uae08 \ub2f4\ubcf4\uad8c\uc744 \ud589\uc0ac\ud558\uac8c \ud568\uc73c\ub85c\uc368 \uac1a\uc9c0 \uc54a\ub294\uac00? \uc624\ub298\ub0a0 \ubbf8\uad6d\uc758 \ubaa8\ub4e0 \ubd80\ub3d9\uc0b0\uc758 4\ubd84\uc758 1\uc5d0\ub294 \uadf8 \uac00\uce58\ubcf4\ub2e4 \ub354 \ub9ce\uc740 \ub3c8\uc774 \ub2f4\ubcf4\ub300\ucd9c\ub85c \uac78\ub824\uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc790\ud0dd\uc18c\uc720\uc790\uc758 4\ubd84\uc758 1\u2015\uac70\uc758 1\ucc9c\ub9cc \uba85\uc785\ub2c8\ub2e4\u2015\uc774 \uc790\uc2e0\uc758 \uc7ac\uc0b0\uc73c\ub85c\ubd80\ud130 \ubb3c\ub7ec\ub098\ub294 \uac83\uc774 \uc774\uc775\uc774\ub77c\ub294 \uac83\uc744 \uc758\ubbf8\ud569\ub2c8\ub2e4. \ub3c4\ub0a0\ub4dc \ud2b8\ub7fc\ud504\ub3c4 \uadf8\ub7f4 \uac81\ub2c8\ub2e4. \ubb3c\ub860 \uace8\ub4dc\ub9cc\uc0ad\uc2a4\ub3c4 \ub098\uc05c \ud22c\uc790\ub85c\ubd80\ud130 \ubb3c\ub7ec\ub0a0 \uac83\uc785\ub2c8\ub2e4. \uadf8\ub7f0\ub370 \uac1c\uc778\ub4e4\uc740 \ube5a\uc744 \uac1a\uc544\uc57c \ud55c\ub2e4\ub294 \ub9d0\uc744 \ub4e3\uc2b5\ub2c8\ub2e4. \ubd80\uc790\ub4e4\uc758 \ube5a\ub9cc\uc774 \uac1a\uc744 \ud544\uc694\uac00 \uc5c6\ub2e4\uace0 \ud569\ub2c8\ub2e4. 99%\uac00 \ubd80\uc790\uc5d0\uac8c \uc9c4 \ube5a\ub9cc \uac1a\uc544\uc57c \ud55c\ub2e4\ub294 \uac81\ub2c8\ub2e4. \uacbd\uc81c\uc758 \uc791\ub3d9\ubc29\uc2dd\uc5d0 \ub300\ud55c \uc774\ud574\uac00 \ubc14\ub010 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<p>\uadf8\ub798\uc11c \uc624\ub298\ub0a0 \ubd80\uc790\uac00 \ub418\ub294 \uae38\uc740 \uc2e4\uc81c\ub85c\ub294 \ub3c8\uc744 \ube4c\ub824 \uac00\uaca9\uc774 \uc624\ub974\uae30\ub97c \ud76c\ub9dd\ud558\ub294 \uc7ac\uc0b0\uc744 \uc0ac\ub294 \uac83\uc774 \uc544\ub2d9\ub2c8\ub2e4. \uc624\ub298\ub0a0 \ubbf8\uad6d, \uc2a4\ud398\uc778, \uc544\uc77c\ub79c\ub4dc, \uc601\uad6d\uc5d0\uc11c\ucc98\ub7fc \uac00\uaca9\uc774 \ubd95\uad34\ud558\uac8c \ub418\ub354\ub77c\ub3c4 \ubd80\ucc44\ub294 \uadf8\ub300\ub85c\uc774\uba70 \ub124\uac70\ud2f0\ube0c \uc5d0\ucffc\ud2f0(negative equity) \uc0c1\ud0dc<span style=\"color: #008080;\">[\uc9d1\uac12\uc5d0\uc11c \ubd80\ucc44\ub97c \uc81c\ud558\uba74 \ub9c8\uc774\ub108\uc2a4\uac00 \ub418\ub294 \uc0c1\ud0dc\u2015\uc815\ub9ac\uc790]<\/span>\uac00 \ubc1c\uc0dd\ud558\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. \uc5ec\uae30\uac00 \uc7ac\uc0b0\uc774 \ucc44\ubb34\uc790\uc5d0\uac8c\uc11c \ucc44\uad8c\uc790\uc5d0\uac8c\ub85c \ub118\uc5b4\uac00\ub294 \uc9c0\uc810\uc785\ub2c8\ub2e4. \uadf8\ub798\uc11c \uc624\ub298\ub0a0 \ub3c8\uc744 \ubc84\ub294 \uae38\uc740 \uc778\uad6c\uc758 99%\ub85c \ud558\uc5ec\uae08 1%\uc5d0\uac8c \ube5a\uc744 \uc9c0\uac8c \ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \ube5a\uc744 \uc9c0\ub294 \uac83\uc774 \ub3c8\uc744 \ubc84\ub294 \uae38\uc774\ub77c\uace0 \uc0ac\ub78c\ub4e4\uc774 \uc0dd\uac01\ud55c \uc5ed\uc0ac\uc801 \uc2dc\uae30\ub294 \uacb0\ucf54 \uc5c6\uc5c8\uc2b5\ub2c8\ub2e4. \uc0ac\ub78c\ub4e4\uc740, \uac00\ub839 \uc568\ub7f0 \uadf8\ub9b0\uc2a4\ud32c(Alan Greenspan)\uc774 \ubbf8\uad6d\uc758 \uc790\ud0dd\uc18c\uc720\uc790\ub4e4\uc5d0\uac8c \uc9d1\uc758 \uac00\uce58\ub97c \ub2f4\ubcf4\ub85c \ub3c8\uc744 \ube4c\ub9ac\ub77c\uace0, \ube5a\uc744 \uc9c0\ub77c\uace0, \uc9d1\uc744 \ub3fc\uc9c0\uc800\uae08\ud1b5\uc774\ub77c\uace0 \uc0dd\uac01\ud558\uace0 \uc784\uae08\uc774 \ub354 \uc774\uc0c1 \ubc1b\uccd0\uc8fc\uc9c0 \ubabb\ud558\ub294 \uc0dd\ud65c\uc218\uc900\uc744 \uc720\uc9c0\ud558\ub77c\uace0 \ub9d0\ud588\uc744 \ub54c, \uc774\ub7f0 \uc4f0\ub808\uae30 \uacbd\uc81c\ud559\uc5d0 \uc18d\uc544\uc11c \uadf8\ub807\uac8c \ud569\ub2c8\ub2e4.<\/p>\n<p>\ubbf8\uad6d \ub178\ub3d9\uc790\ub4e4\uc774 \uc544\uc774\ub4e4\uc744 \ud559\uad50\uc5d0 \ubcf4\ub0b4 \uad50\uc721\uc744 \ubc1b\uac8c \ud558\uae30 \uc704\ud574\uc11c \ub3c8\uc744 \ub4e4\uc5ec\uc57c \ud558\uace0, \uc774\uc804\uc5d0\ub294 \uacf5\uc801\uc73c\ub85c \uc9c0\uc6d0\ub418\ub358 \uac83\uc5d0 \ub3c8\uc744 \ub4e4\uc5ec\uc57c \ud558\ub294 \uc0ac\uc774\uc5d0, \uc740\ud589\ub4e4\uc740 \uac11\uc790\uae30 \uad50\uc721\uc744 \uae08\uc735\ud654\ud558\uace0 \uacf5\uc801 \ubd80\ubb38\uc744 \uae08\uc735\ud654\ud558\uba70 \uc2ec\uc9c0\uc5b4\ub294 \uae30\uc5c5 \ubd80\ubb38\uacfc \uc0b0\uc5c5 \ubd80\ubb38\ub3c4 \uae08\uc735\ud654\ud588\uc2b5\ub2c8\ub2e4. \uad50\uacfc\uc11c\uc5d0\uc11c \uc99d\uad8c\uc2dc\uc7a5\uc740 \uc0b0\uc5c5\uc5d0 \uc790\uae08\uc744 \ub300\uace0 \ubd80\ucc44\uac00 \uc544\ub2cc \uc790\uae30\uc790\ubcf8\uc744 \uc81c\uacf5\ud558\ub294 \uc218\ub2e8\uc73c\ub85c\uc11c, \uc989 \uc0b0\uc5c5\ud22c\uc790\ub97c \ud574\uc11c \ub178\ub3d9\uc744 \uace0\uc6a9\ud560 \uc218\ub2e8\uc73c\ub85c\uc11c \uc81c\uc2dc\ub429\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc9c0\ub09c 30\ub144 \ub3d9\uc548 \uc77c\uc5b4\ub09c \uc77c\uc740 \uc774\ub7f0 \uac83\uc774 \uc544\ub2d9\ub2c8\ub2e4. \uc99d\uad8c\uc2dc\uc7a5\uc740 \uae30\uc5c5\uc0ac\ub0e5\uafbc\ub4e4\uacfc \uacbd\uc601\uad8c \ub9e4\uc218\ub97c \uc704\ud55c \ub3c4\uad6c\uac00 \ub418\uc5c8\uc2b5\ub2c8\ub2e4. \ub3c8\uc744 \ube4c\ub824 \ud68c\uc0ac\ub97c \uc0ac\uace0 \uadf8 \ud68c\uc0ac\uac00 \uc5bc\ub9c8\ub098 \uc774\uc724\uc744 \ub9cc\ub4e4\uc5b4\ub0bc\uc9c0 \uacc4\uc0b0\ud558\uc5ec \uadf8 \uc774\uc724\uc744 \uc740\ud589\uc5c5\uc790\ub4e4\uc5d0\uac8c \uc9c0\ubd88\ud558\ub294 \uac83, \ub9c8\uce58 \ubd80\ub3d9\uc0b0 \ud22c\uc790\uc790\ub4e4\uc774 \uac74\ubb3c\uc744 \uc0ac\ub4ef\uc774 \ud68c\uc0ac\ub97c \uc0ac\ub294 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<p>\ubbf8\uad6d\uc758 \ub3c4\ub0a0\ub4dc \ud2b8\ub7fc\ud504\ub4e0 \uc774\ud0c8\ub9ac\uc544 \ud639\uc740 \uc720\ub7fd\uc758 \ud22c\uc790\uc790\ub4e0 \ubd80\ub3d9\uc0b0 \ud22c\uc790\uc790\ub4e4\uc774 \uc0c1\uc5c5\uc801 \uc7ac\uc0b0\uc744 \uad6c\ub9e4\ud558\uae30\ub97c \uc6d0\ud560 \ub54c, \uadf8\ub4e4\uc740 \uc5bc\ub9c8\ub098 \ub9ce\uc740 \uc784\ub300\ub8cc \uc218\uc775\uc774 \uc0dd\uae38\uc9c0\ub97c \uacc4\uc0b0\ud569\ub2c8\ub2e4. \uadf8\ub4e4\uc740 \uc11c\ub85c \uc785\ucc30\ud558\uc5ec \uacbd\ud569\ud569\ub2c8\ub2e4. \ub2f4\ubcf4\ub97c \uc5bb\uae30 \uc704\ud574, \uadf8 \uc7ac\uc0b0\uc744 \uad6c\ub9e4\ud558\uae30 \uc704\ud574 \uac00\uc7a5 \ub9ce\uc740 \uc784\ub300\ub8cc\ub97c \uc740\ud589\uc5d0 \uae30\uaebc\uc774 \uc9c0\ubd88\ud558\ub294 \uc0ac\ub78c\uc774 \ub099\ucc30\uc744 \ubc1b\uc2b5\ub2c8\ub2e4. \uc774\uac83\uc774 \u2018\ub2e4\ub978 \uc0ac\ub78c\ub4e4\uc758 \ub3c8\uc744 \uc0ac\uc6a9\ud558\uae30\u2019\ub77c\uace0 \ubd88\ub9ac\ub294 \uac83\uc785\ub2c8\ub2e4. \uc2e4\uc81c\ub85c \ub2e4\ub978 \uc0ac\ub78c\ub4e4\uc758 \uc800\ucd95\uc744 \uc0ac\uc6a9\ud558\ub294 \uac83\uc740 \uc544\ub2d9\ub2c8\ub2e4. \uc740\ud589\ub4e4\uc774 \ucef4\ud4e8\ud130 \ud0a4\ubcf4\ub4dc\ub85c \uc785\ub825\ud558\uc5ec \uc0c8\ub85c \ucc3d\ucd9c\ud55c \ub3c8\uc744 \uc0ac\uc6a9\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \uc740\ud589\ub4e4\uc740 \ub300\ucd9c\uc790\ub97c \uc704\ud574 \uc740\ud589\uacc4\uc88c\uc5d0 \ub300\ucd9c\uc561\uc744 \uc801\uc5b4 \ub123\uc74c\uc73c\ub85c\uc368 (\ub300\ucd9c\uc790\ub294 \ub2f4\ubcf4 \ubd80\ucc44\ub4e0 \uc544\ub2c8\uba74 \uac1c\uc778 \ubd80\ucc44\ub4e0 \ucc28\uc6a9\uc99d\uc11c\uc5d0 \uadf8 \uc774\uc790\ub97c \uac1a\uaca0\ub2e4\uace0 \uc11c\uba85\uc744 \ud569\ub2c8\ub2e4) \uc790\uc720\ub86d\uac8c \ud654\ud3d0\ub97c \ucc3d\ucd9c\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc740\ud589\ub4e4\uc740 \uc774\ub7f0 \ud654\ud3d0\ucc3d\ucd9c\uc774 \uc778\ud50c\ub808\uc774\uc158\uc744 \ub0b3\uc9c0 \uc54a\ub294\ub2e4\uace0 \ub9d0\ud569\ub2c8\ub2e4. \uc815\ubd80\uc758 \ud654\ud3d0\ucc3d\ucd9c\ub9cc\uc774 \uc778\ud50c\ub808\uc774\uc158\uc744 \ub0b3\ub294\ub2e4\uace0 \ud569\ub2c8\ub2e4. \uadf8\ub7f0\ub370 \uc815\ubd80\uac00 \uc0c1\uc5c5\uc740\ud589\ub4e4\uc774 \uc2e0\uc6a9\uc744 \ucc3d\ucd9c\ud558\ub294 \ubc29\uc2dd\uacfc \ub611\uac19\uc740 \ubc29\uc2dd\uc73c\ub85c \uc790\uc2e0\ub4e4\uc758 \ucef4\ud4e8\ud130\uc5d0 \uac00\uc11c \uc804\uc790\uc801\uc73c\ub85c \ud654\ud3d0\ub97c \ucc3d\ucd9c\ud558\uc9c0 \ub9d0\ub780 \ubc95\uc774 \uc5c6\uc2b5\ub2c8\ub2e4. \ubb38\uc81c\ub294, \uc5ec\ub7ec\ubd84\ub4e4\uc774 \ubcf4\uc558\ub4ef\uc774 \uc0c1\uc5c5\uc740\ud589\ub4e4\uc774 \uc778\ud50c\ub808\uc774\uc158\uc744 \ub0b3\ub294\ub370\ub3c4 \uc65c \uc815\ubd80\uc758 \ud654\ud3d0\ucc3d\ucd9c\uc740 \uc778\ud50c\ub808\uc774\uc158\uc744 \ub0b3\ub294\ub2e4\ub294 \ub9d0\uc744 \ub4e3\uace0 \uc0c1\uc5c5\uc740\ud589\ub4e4\uc740 \uadf8\ub807\uc9c0 \uc54a\ub2e4\ub294 \ub9d0\uc744 \ub4e3\ub294\uac00 \ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \uc740\ud589\ub4e4\uc740 \uc0ac\ub78c\ub4e4\ub85c \ud558\uc5ec\uae08 \uc790\ubcf8\uc774\ub4dd<span style=\"color: #008080;\">[capital gain, \uc0ac\uc5c5\uc5d0 \uc758\ud55c \uc774\ub4dd\uc774 \uc544\ub2c8\ub77c \uc790\uc0b0\uc758 \uac00\uaca9\uc774 \uc62c\ub77c\uc11c \uac70\ub454 \uc774\ub4dd\uc744 \ub9d0\ud55c\ub2e4.\u2015\uc815\ub9ac\uc790]<\/span>\uc744 \uac70\ub450\uae30\ub97c \ubc14\ub77c\uba74\uc11c \ubaa8\ub4e0 \uc790\uc0b0\uc18c\ub4dd(rent)\uacfc \ubaa8\ub4e0 \uae30\uc5c5 \uc774\uc724\uc744 \uc740\ud589\uc5d0 \ub0b4\uac8c \ud568\uc73c\ub85c\uc368 \ub3c8\uc744 \ubc95\ub2c8\ub2e4.<\/p>\n<p>\ubbf8\uad6d\uc5d0\uc11c \uae30\uc5c5\uc0ac\ub0e5\uafbc\ub4e4\uacfc \ubd80\ucc44\ub97c \ud1b5\ud574 \uae30\uc5c5\uc744 \ub9e4\uc218\ud558\ub294 \ud68c\uc0ac\ub4e4\uc740 \ube44\uc6a9\uc808\uac10, \uc784\uae08\uc0ad\uac10, \uc815\ub9ac\ud574\uace0, \ub2e4\ub978 \ub098\ub77c\ub85c\uc758 \uc544\uc6c3\uc18c\uc2f1\uc744 \ud1b5\ud574, \uadf8\ub9ac\uace0 \ud2b9\ud788 \uc5f0\uae08\uae30\uae08\uc744 \ud0c8\ucde8\ud558\uc5ec \uadf8\uac83\uc73c\ub85c \uc740\ud589 \ube5a\uc744 \uc0c1\ud658\ud558\uc5ec \ubd80\ucc44\ub97c \uc0ad\uac10\ud558\uace0 \uc790\uae30\uc790\ubcf8\uc744 \ub298\ub9bc\uc73c\ub85c\uc368 \uc790\ubcf8\uc774\ub4dd\uc744 \uac70\ub461\ub2c8\ub2e4.<\/p>\n<p>\uba87 \ub144 \uc804\uc5d0 \uc81c\uac00 \uc790\ub780 \ub3c4\uc2dc \uc2dc\uce74\uace0\uc5d0\uc11c \ubd80\ub3d9\uc0b0 \ud22c\uae30\uc790\uc778 \uc324 \uc824(Sam Zell)\uc774 \ub3c8\uc744 \ube4c\ub824 \ucd5c\ub300\uc758 \uc2e0\ubb38\uc778 &lt;\uc2dc\uce74\uace0 \ud2b8\ub9ac\ubdf4&gt;(<i>Chicago Tribune<\/i>)\uc744 \uc0c0\uc2b5\ub2c8\ub2e4. \uadf8\ub294 \u2018\uc0ac\uc6d0 \uc8fc\uc2dd\uc18c\uc720 \ud50c\ub79c\u2019\uc744 \uc57d\ud0c8\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub294 \uadf8 \ub3c8\uc73c\ub85c \uadf8\uc5d0\uac8c &lt;\uc2dc\uce74\uace0 \ud2b8\ub9ac\ubdf4&gt;\uc744 \uc0b4 \ub3c8\uc744 \ube4c\ub824\uc900 \ucc44\uad8c\uc790\ub4e4\uc5d0\uac8c \uc9c4 \ube5a\uc744 \uac1a\uc558\uc2b5\ub2c8\ub2e4. \uadf8\ub294 \uc9c1\uc6d0\ub4e4\uc744 \ud574\uace0\ud558\uae30 \uc2dc\uc791\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub294 &lt;\uc2dc\uce74\uace0 \ud2b8\ub9ac\ubdf4&gt;\uc774 \uc18c\uc720\ud55c \uc57c\uad6c\ud300\uc778 &lt;\uc2dc\uce74\uace0 \ucef5\uc2a4&gt;\ub97c \ud314\uc558\uc2b5\ub2c8\ub2e4. \uadf8\ub7f0\ub370\ub3c4 \uadf8\ub294 \ud68c\uc0ac\ub97c \ub9e4\uc6b0 \uc798\ubabb \uacbd\uc601\ud558\uc5ec \ud68c\uc0ac\uac00 \ud30c\uc0b0\ud588\uc73c\uba70 \uadf8 \ubc14\ub78c\uc5d0 \uc0ac\uc6d0 \uc8fc\uc8fc\ub4e4\uc774 \uc4f8\ub824\ub098\uac14\uc2b5\ub2c8\ub2e4. \uc0ac\uc6d0\ub4e4\uc740 \uadf8\uac00 \uadf8\ub4e4\uc758 \ub3c8\uc744 \ud6d4\ucce4\ub2e4\uace0 \uc8fc\uc7a5\ud558\uba74\uc11c \uadf8\ub97c \uc0ac\uae30\uc8c4\ub85c \uace0\uc18c\ud588\uc2b5\ub2c8\ub2e4. \uc624\ubc14\ub9c8 \ub300\ud1b5\ub839\uc740 \ucd5c\uadfc\uc5d0 \ud55c \uc5f0\uc124\uc5d0\uc11c \u2018\uc0ac\uae30\ub294 \uc5c6\ub2e4, \ubaa8\ub450 \ud569\ubc95\uc801\uc774\ub2e4, \uadf8\uac83\uc774 \ubc14\ub85c \uc790\uc720\uc2dc\uc7a5\uc774\ub2e4\u2019\ub77c\uace0 \ub9d0\ud588\uc2b5\ub2c8\ub2e4. \uc790\uc720\uc2dc\uc7a5\uc758 \u2018\uc790\uc720\u2019\ub294 \uae08\uc735 \uc138\ub825\uc774 \ud0c8\ucde8\ud560 \uc790\uc720, \ubd84\uc2dd\ud68c\uacc4\ub97c \ud560 \uc790\uc720, \ube4c \ube14\ub799(Bill Black) \uad50\uc218\uac00 \ub9d0\ud558\ub294 \uc77c<span style=\"color: #008080;\">[\ube14\ub799\uc740 \ud68c\uc0ac\ub098 \uc870\uc9c1\uc744 \ud1b5\uc81c\ud558\ub294 \uc790\uac00 \uc790\uc2e0\uc774 \ud1b5\uc81c\ud558\ub294 \ud68c\uc0ac\ub098 \uc870\uc9c1\uc744 \uc0ac\uae30\ub97c \uce58\ub294 \u2018\ubb34\uae30\u2019\ub85c \uc0ac\uc6a9\ud558\ub294 \ud589\ud0dc\ub97c \uac00\ub9ac\ud0a4\ub294 \u2018\ud1b5\uc81c \uc0ac\uae30\u2019(control fraud)\ub77c\ub294 \uac1c\ub150\uc744 \ub9cc\ub4e4\uc5b4\ub0c8\ub2e4.\u2015\uc815\ub9ac\uc790]<\/span>\uc744 \ud560 \uc790\uc720\ub85c \uc7ac\uc815\uc758\ub418\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\uc0ac\uae30\uac00 \ub3c8\uc744 \ubc84\ub294 \ub370 \ubcf8\uc9c8\uc801\uc73c\ub85c \ud1a0\ub300\uac00 \ub418\uc5c8\ub2e4\uace0 \ub9d0\ud558\ub294 \uac83\uc740 \uc0c8\ub85c\uc6b4 \uacbd\uc81c\ub97c \ub9d0\ud55c \uac83\uc774\ub098 \ub2e4\ub984\uc5c6\uc2b5\ub2c8\ub2e4. \ube44\ub85d \uc544\ubb34\ub3c4 \uadf8\ub807\uac8c \ub9d0\ud558\uc9c0\ub294 \uc54a\uc9c0\ub9cc \ub9d0\uc785\ub2c8\ub2e4. \ubd80\uc790\uac00 \ub418\ub294 \uae38\uc744 \ub3c8\uc744 \ud6d4\uce58\ub294 \uac83\uc774\ub77c\uace0 \ub9d0\ud558\ub294 \uad50\uacfc\uc11c, \ubd80\uc790\uac00 \ub418\ub294 \uae38\uc744 \ub3c8\uc744 \ube4c\ub824\uc11c \uac00\uce58\uac00 \uc0c1\uc2b9\ud560 \uc7ac\uc0b0\uc744 \uc0ac\ub294 \uac83\uc774\uace0 \uacbd\uc81c\ub97c \uc704\ucd95\uc2dc\ud0a4\uace0 \uacf5\uc801 \ub3c4\uba54\uc778\uc73c\ub85c\ubd80\ud130 \uc7ac\uc0b0\uc744 \ud0c8\ucde8\ud558\ub294 \uac83\uc774\ub77c\uace0 \ub9d0\ud558\ub294 \uad50\uacfc\uc11c\ub294 \ubcf8 \uc801\uc774 \uc5c6\uc2b5\ub2c8\ub2e4. \uc5b4\ub5bb\uac8c \ubc1c\uc790\ub044 \uac19\uc740 \uc18c\uc124\uac00\ub098 \ubcf4\ub4e4\ub808\ub974 \uac19\uc740 \uc2dc\uc778\uc774 \uad50\uacfc\uc11c\uc5d0 \ub098\uc624\ub294 \ub178\ubca8\uc0c1\uc744 \ud0c4 \uacbd\uc81c\ud559\uc790\ub4e4\ubcf4\ub2e4 \uacbd\uc81c\ub97c \ub354 \uc798 \uc774\ud574\ud558\ub294 \uac83\uc778\uac00\uc694? \uc65c \uad50\uacfc\uc11c\ub97c \ubcf4\uae30\ubcf4\ub2e4 \uc601\ud654\ub098 \ub4dc\ub77c\ub9c8\ub97c \ubcf4\ub7ec\uac00\uc57c \ud558\ub294 \uac83\uc778\uac00\uc694?<\/p>\n<p>\uc624\ub298 \uc6b0\ub9ac\uac00 \uc774 \ubaa8\uc784\uc5d0\uc11c \ud558\ub824\ub294 \uac83\uc740 \uc2e4\uc81c \uacbd\uc81c\uac00 \uc5b4\ub5bb\uac8c \uc791\ub3d9\ud558\ub294\uc9c0\uc5d0 \ub300\ud55c \uc0c8\ub85c\uc6b4 \uc0c1\uc744 \uc81c\uc2dc\ud558\uace0 \uacbd\uc81c\ud559 \uad50\uacfc\uc11c\uc5d0 \ub098\uc624\ub294 \ud3c9\ud589 \uc6b0\uc8fc \ub300\uc2e0\uc5d0 \ud604\uc2e4 \uacbd\uc81c\ud559\uc744 \uac00\ub974\uce58\ub294 \uac83\uc785\ub2c8\ub2e4. \uc314\ubba4\uc5bc\uc2a8(Paul Samuelson)\uc740 \ubbf8\uad6d\uc5d0\uc11c \ud559\uc0dd\ub4e4\uc744 \uc138\ub1cc\ud558\ub294 \ub370 \uc0ac\uc6a9\ub418\ub294 \uc790\uc2e0\uc758 \uad50\uacfc\uc11c\uc758 \uc2dc\uc791 \ubd80\ubd84\uc5d0\uc11c \uacbd\uc81c \uc774\ub860\uc758 \uae30\uc900\uc740 \uadf8 \uacf5\ub9ac\ub4e4\uc758 \uc77c\uad00\uc131\uc774\ub77c\uace0 \ub9d0\ud569\ub2c8\ub2e4. \uc774\ub294 \ub0b4\uac00 \ub300\ud559\uc5d0\uc11c \ubb38\ud559\uc744 \uacf5\ubd80\ud588\uc744 \ub54c \ub4e4\uc740 \ub9d0\uc785\ub2c8\ub2e4. \uc18c\uc124\uc744 \uc77d\uc744 \ub54c\uc5d0\ub294 \ubd88\uc2e0\uc744 \uc815\uc9c0\uc2dc\ucf1c\uc57c \ud569\ub2c8\ub2e4<span style=\"color: #008080;\">.[\u2018willing suspension of disbelief\u2019(\ubd88\uc2e0\uc758 \uae30\uaebc\uc6b4 \uc815\uc9c0)\ub77c\ub294 \ub9d0\uc758 \ucd9c\ucc98\ub294 \uc601\uad6d\uc758 \ub0ad\ub9cc\uc8fc\uc758 \uc2dc\uc778 \ucf5c\ub9ac\uc9c0(S. T. Coleridge)\uc758 <i>Biographia Literaria<\/i>(1817)\ub85c\uc11c \uc2dc\uc5d0\uc11c \ucd08\uc790\uc5f0\uc801\uc774\uace0 \ud658\uc0c1\uc801\uc778 \uc694\uc18c\ub97c \ud3ec\uc6a9\uc801\uc73c\ub85c \ub300\ud558\ub294 \ud0dc\ub3c4\ub85c\uc11c \ub9d0\ud55c \uac83\uc774\ub2e4.\u2015\uc815\ub9ac\uc790]<\/span> \uacf5\uc0c1\uacfc\ud559\uc18c\uc124\uc744, \uc791\uac00\uac00 \uc77c\uad00\uc801\uc774\ub77c\uace0 \uc0dd\uac01\ud558\ub294 \ub4f1\uc7a5\uc778\ubb3c\ub4e4\uc744 \ubbff\uc5b4\uc57c \ud569\ub2c8\ub2e4. \uc2a4\ub9b4\ub7ec\ub098 \ubbf8\uc2a4\ud130\ub9ac \uc601\ud654\ub97c \ubcf4\ub7ec\uac14\ub2e4 \ub098\uc62c \ub54c\uc5d0\ub294, \u2018\uc7a0\uae50, \ubb34\uc5b8\uac00 \ube60\uc84c\ub294\ub370, \uc5b4\ub5bb\uac8c \uadf8\ub7f0 \uc77c\uc774 \uc77c\uc5b4\ub09c \uac83\uc774\uc9c0\u2019\ub77c\uace0 \uc0dd\uac01\ud558\uac8c \ub429\ub2c8\ub2e4. \uc314\ubba4\uc5bc\uc2a8\uc774 \ud558\uc9c0 \uc54a\uc740 \ub9d0\uc740 \uc774 \uc804\uc81c\ub4e4\uc774 \ud604\uc2e4\uc801\uc774\uc5b4\uc57c \ud55c\ub2e4\ub294 \uac83\uc785\ub2c8\ub2e4. \uadf8\ub798\uc11c \ud559\uc0dd\ub4e4\uc740 \uacbd\uc81c\uac00 \uc5b4\ub5bb\uac8c \uc791\ub3d9\ud558\ub294\uc9c0\ub97c \ubc30\uc6b0\uc9c0 \uc54a\uace0 \ub2e4\ub978 \ud589\uc131\uc5d0\uc11c \ud3c9\ud589\uc6b0\uc8fc\uac00 \uc5b4\ub5bb\uac8c \uc791\ub3d9\ud558\ub294\uc9c0\ub97c \ub4e3\uc2b5\ub2c8\ub2e4. \uc815\ubd80\ub3c4 \uc5c6\uace0, \uc0ac\uae30\ub3c4 \uc5c6\uace0, \uc804\uccb4 \uacbd\uc81c\uac00 \uc2e4\uc9c8\uc801 \uad50\ud658\uc5d0 \uc758\ud574\uc11c \uc791\ub3d9\ud558\uace0, \ubd80\ucc44\ub3c4 \uc5c6\uace0, \ubaa8\ub4e0 \uc0ac\ub78c\ub4e4\uc774 \ub2e4\ub978 \ubaa8\ub4e0 \uc0ac\ub78c\ub4e4\uc744 \ub3c4\uc6b0\ub824 \ud558\uace0, \uc544\ubb34\ub3c4 \ub3c8\uc744 \uc0c1\uc18d\ubc1b\uc9c0 \uc54a\uc73c\uba70, \ubaa8\ub450\uac00 \uc790\uc2e0\ub4e4\uc774 \uac00\uc9c4 \uc18c\ub4dd\uacfc \ubd80\ub97c \uc77c\ud574\uc11c \ubc84\ub294 \uadf8\ub7f0 \ud3c9\ud589 \uc6b0\uc8fc \ub9d0\uc785\ub2c8\ub2e4. \uc2e4\uc81c \ud604\uc2e4\uc740 \uc774\uc640 \ubc18\ub300\uc778\ub370, \uc774\ub294 \uc624\ub298\ub0a0 \uc18c\uc124\uc5d0\uc11c\ub9cc \uc774\uc57c\uae30\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\ud604\uc2e4\uc744 \uc798\ubabb \uc774\ud574\ud558\ub294 \uc77c\uc774 1\ub144, 2\ub144\uc744 \uac00\uace0 10\ub144, 20\ub144\uc744 \uac00\uba70 \uc774\uc81c \ud55c \uc138\uae30\uac00 \uc9c0\ub09c\ub2e4\uba74, \uadf8\ub9ac\ud558\uc5ec \uacbd\uc81c\uc5d0 \ub300\ud55c \uac70\uc9d3\ub41c \uc0c1\uc774 \uadf8\ub824\uc9c4\ub2e4\uba74, \uadf8 \ubc30\ud6c4\uc5d0 \uc774\uc775\uc744 \ubcf4\ub294 \ud2b9\uc218\ud55c \uc138\ub825\uc774 \uc788\ub2e4\uace0 \ud655\uc2e0\uc744 \ud574\ub3c4 \uc88b\uc744 \uac83\uc785\ub2c8\ub2e4. \ud604\uc2e4\uc5d0 \ub300\ud55c \uac70\uc9d3\ub41c \uc0c1\uc740 \uc790\uc5f0\uc2a4\ub7fd\uac8c \uc77c\uc5b4\ub098\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc9c0\uc6d0\uc744 \ubc1b\uc544 \uc77c\uc5b4\ub0a9\ub2c8\ub2e4. \uc740\ud589\uc5c5 \ubd80\ubb38\uc774 \ub300\ud559\ub4e4\uc5d0\uc11c \uac00\ub974\uccd0\uc9c0\uace0 \uc2e0\ubb38\uc5d0\uc11c \ub110\ub9ac \uc804\ud30c\ub418\uba70 \uc740\ud589\uc758 \ud6c4\uc6d0\uc744 \ubc1b\ub294 \uc815\uce58\uac00\ub4e4\uc774 \ub9d0\ud558\ub294 \uc4f0\ub808\uae30 \uacbd\uc81c\ud559\uc744 \uc9c0\uc6d0\ud574 \uc654\uc73c\uba70 \uc774\ub97c \ud1b5\ud574 \uc0ac\ub78c\ub4e4\uc774 \ub9c8\uce58 \ud654\uc131\uc5d0 \uc0b4\uace0 \uc788\ub294 \uac83\ucc98\ub7fc, \uc2e4\uc81c\uc640\ub294 \ub2e4\ub978 \uc885\ub958\uc758 \uc138\uc0c1\uc5d0\uc11c \uc0b4\uace0 \uc788\ub294 \uac83\ucc98\ub7fc \ubbff\uac8c \ub9cc\ub4e4\uace0\uc790 \ud588\uace0 \uacf5\uc911\uc5d0 \uc18d\ud558\ub294 \uac83\uc744 \ud0c8\ucde8\ud558\ub824\ub294 \uae08\uc735 \uacc4\uce35\uc740 \uc5c6\ub294 \ucc99 \ud558\uace0\uc790 \ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\uacbd\uc81c\uc131\uc7a5\uacfc \uc644\uc804\uace0\uc6a9\uc744 \ubaa9\uc801\uc73c\ub85c \ud558\ub294 \uc815\ubd80\uc5d0 \uc758\ud55c \uc911\uc559\uc740\ud589 \ud654\ud3d0\ucc3d\ucd9c\uacfc \uacbd\uc81c\uc758 \ucd95\uc18c, \uae34\ucd95, \ub0ae\uc740 \uc784\uae08, \ub0ae\uc740 \uc0b0\ucd9c\ub7c9\uc744 \ubaa9\uc801\uc73c\ub85c \ud558\ub294 \uc0c1\uc5c5\uc740\ud589 \uc2e0\uc6a9\ucc3d\ucd9c \uc0ac\uc774\uc758 \ucc28\uc774\ub294 \uc774\ub807\uac8c \uadc0\uacb0\ub429\ub2c8\ub2e4. \uadf8\ub9ac\uc2a4\uac00 \ub2f9\ud558\ub294 \uac83\uc744 \uc5ec\ub7ec\ubd84\ub3c4 \ub2f9\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \u2018\uc6b0\ub9ac\uc5d0\uac8c \ub2f9\uc2e0\ub4e4\uc758 \ud56d\uad6c\uc640 \ub545\uacfc \uad00\uad11\uc9c0\uc5ed\ub4e4\uacfc \uc0c1\u00b7\ud558\uc218\ub3c4 \uc2dc\uc2a4\ud15c\uc744 \uc8fc\uba74, \uc6b0\ub9ac\ub294 \ub2f9\uc2e0\ub4e4\uc5d0\uac8c \uc0ac\uc6a9\ub8cc\ub97c \ubb3c\ub9ac\uace0 \ub2f9\uc2e0\ub4e4\uc774 \uc5f0\uae08\uc73c\ub85c \ubc1b\uc544\uac00\uae30\ub97c \uae30\ub300\ud558\ub294 \ub3c8\uc758 \uaddc\ubaa8\ub97c \uc904\uc5ec \uc6b0\ub9ac\uac00 \uc4f8 \uac83\uc774\ub2e4\u2019\ub77c\ub294 \ub9d0\uc744 \ub4e3\uac8c \ub418\ub294 \uac83\uc774\uc8e0.<\/p>\n<p>\uacfc\uac70\uc5d0\ub294 \uc774\ub7f0 \uc77c\uc744 \ud558\ub824\uba74 \uad70\ub300\uac00 \ud544\uc694\ud588\ub294\ub370, \uc624\ub298\ub0a0\uc5d0\ub294 \uad70\ub300 \uc5c6\uc774 \ud589\ud574\uc9d1\ub2c8\ub2e4. \uc5ec\ub7ec\ubd84\ub4e4\uc774 \uc218\ub3d9\uc801\uc778 \ud0dc\ub3c4\ub97c \ucde8\ud558\uace0, \uc740\ud589\ub4e4\uc774 \uadf8\ub9ac\ub294, \uc138\uc0c1\uc5d0 \ub300\ud55c \ud5c8\uad6c\uc801\uc778 \uc0c1\uc744 \ubbff\ub294 \ud55c\uc5d0\uc11c\ub294 \ub9d0\uc785\ub2c8\ub2e4.<\/p>\n<p>\uac10\uc0ac\ud569\ub2c8\ub2e4.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-bottom-right\"><a href=\"http:\/\/commonstrans.net\/index.php?rest_route=%2Fwp%2Fv2%2Fposts%2F1562&print=pdf\" class=\"pdfprnt-button pdfprnt-button-pdf\" target=\"_blank\"><img src=\"http:\/\/commonstrans.net\/wp-content\/plugins\/pdf-print\/images\/pdf.png\" alt=\"image_pdf\" title=\"View PDF\" \/><\/a><a href=\"http:\/\/commonstrans.net\/index.php?rest_route=%2Fwp%2Fv2%2Fposts%2F1562&print=print\" class=\"pdfprnt-button pdfprnt-button-print\" target=\"_blank\"><img 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[&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[40],"tags":[986,1035,1031,1033,1034,1032],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\uae08\uc735 \ub300 \uacbd\uc81c - \ucee4\uba3c\uc988 \ubc88\uc5ed \ub124\ud2b8\uc6cc\ud06c<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/commonstrans.net\/?p=1562\" \/>\n<meta property=\"og:locale\" content=\"ko_KR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\uae08\uc735 \ub300 \uacbd\uc81c - \ucee4\uba3c\uc988 \ubc88\uc5ed \ub124\ud2b8\uc6cc\ud06c\" \/>\n<meta property=\"og:description\" content=\"\uc800\uc790\u00a0 :\u00a0 Michael Hudson \uc6d0\ubb38 : \uc720\ud29c\ube0c \ub3d9\uc601\uc0c1 Finances vs Economy, Credit vs Money (2012\ub144 3\uc6d4) \ubd84\ub958 :\u00a0 \ub0b4\uc6a9 \uc815\ub9ac \uc815\ub9ac\uc790 : \uc815\ubc31\uc218 \uc124\uba85 : 2012\ub144 2\uc6d4 \uc774\ud0c8\ub9ac\uc544\uc758 \ub9ac\ubbf8\ub2c8(Rimini)\uc5d0\uc11c \u2018\ud604\ub300 \ud654\ud3d0 \uc774\ub860\u2019(Modern Money Theory)\ub97c \uc8fc\uc81c\ub85c \uc5f4\ub9b0 1\ud68c \uc774\ud0c8\ub9ac\uc544 \ud480\ubfcc\ub9ac \uacbd\uc81c\ud559 \ub300\ud68c(the first Italian grassroots economic summit)\uc5d0\uc11c \ub9c8\uc774\ud074 \ud5c8\ub4dc\uc2a8\uc774 \ud55c \ubc1c\uc81c\uc758 \ub0b4\uc6a9\uc744 \ube44\uad50\uc801 \uc0c1\uc138\ud558\uac8c \uc815\ub9ac\ud55c \uac83\uc774\ub2e4. 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