3 ms·

I am so sorry, but while all this is great, the long term trajectory of the debt is still exponential. Nothing and no one can change the trend, although they co

I am so sorry, but while all this is great, the long term trajectory of the debt is still exponential. Nothing and no one can change the trend, although they could delay the end result of financial collapse by a decade or two at most. The end result is built in to the debt based nature of the instrument.

spwa4 2y ago
Given 4% average inflation, it is not a problem. Exponential with a factor lower than 4% (per year) is fine.
- OutOfHere 2y ago
  The debt grows much faster than 4%, at least at 8%. This is despite the paid interest growing at 7% if I am not mistaken.