2 ms·
re: Kicking the can Yes, tho' perhaps not intentionally per se. At this point, there's simply no incentive for anyone to say "we've got to fix this sooner rath
by chiefalchemist 2y ago
re: Kicking the can
Yes, tho' perhaps not intentionally per se. At this point, there's simply no incentive for anyone to say "we've got to fix this sooner rather than later." It's easier to be silent and breathe sand. It's easier to push the "the Fed debt don't matter" narrative. It's easier to blame symptoms (i.e., certain political candidates).
Meanwhile, the middle class *is* being hallowed, and more and more are looking for a solution outside the traditional norms because that status quo is intentionally not serving them. The gaslighting is less and less effective.
What could go wrong?
p.s. Let's not forget what happens when The Fed pitches in to keep the gov running, service the debt, etc.