Tag Archives: debt

How “Wealthy” Would We Be If We Stopped Borrowing Trillions Every Year?

The widespread presumption is the U.S. is wealthy beyond words, and will remain so as far as the eye can see: wealthy enough to fund trillion-dollar weapons systems, trillion-dollar endless wars, multi-trillion dollar Medicare for all, multi-trillion dollar Universal Basic Income, … Continue reading

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How a Free Market Inevitably Produces Dictatorship

Eric Zuesse, originally posted at strategic-culture.org Who rules the land? A deeper and truer version of this question is: What rules the land? Is it the money (the aristocracy), or is it the people (the public, the residents on that … Continue reading

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We’ll Pay All Those Future Obligations by Impoverishing Everyone

I’ve been focusing on inflation, which is more properly understood as the loss of purchasing power of a currency, which when taken to extremes destroys the currency and the wealth/income of everyone forced to use that currency. The funny thing about the … Continue reading

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Here’s Why Rip-Roaring Inflation Is Inevitable

One of the enduring mysteries of the past decade is why inflation has remained tame while the central bank and government have pumped trillions of dollars of newly created money into the economy. Millions of words have been written about this, … Continue reading

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Why the Eurozone and the Euro Are Both Doomed

Beneath the permanent whatever it takes “rescue” by the European Central Bank (ECB) lie fundamental asymmetries that doom the euro, the joint currency that has been the centerpiece of European unity since its introduction in 1999. The key imbalance is between export powerhouse … Continue reading

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