> Accumulating too much dept (again as a state), results in a 'trickle up' economy, where a significant proportion of taxpayers money goes directly to the banks

> Accumulating too much dept (again as a state), results in a 'trickle up' economy, where a significant proportion of taxpayers money goes directly to the banks (in the form of interest). This is foolish too, since the bulk of the population would not work for the development of society, but for the profits of banks. ...what? No, the money goes back to bondholders, who are themselves taxpayers. I guess banks can make some profit along the way, but it's incredibly misleading to say that the primary beneficiary of interest are banks themselves, or that this is even the primary risk with excess debt.