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> This is a very naive way of thinking about debt. Well it’s how this economist and Citibank’s former number 1 trader describes our debt based money system. So
by andy_ppp 2y ago
> This is a very naive way of thinking about debt.
Well it’s how this economist and Citibank’s former number 1 trader describes our debt based money system. So maybe you’re the naive one here. Please watch this video and enlighten yourself: What is Money? https://youtu.be/_gcNMu40jqs https://youtu.be/_gcNMu40jqs
> As long as the US has enough to pay it's obligations over the next few decades there are no issues
This is rather my point, as more wealth is transferred from individuals and governments to the rich (who the tax system is largely optional for) there simply won’t be that tax take to support the debt.