When I grew up I was taught about the miracle of compound interest. The new generation will have to be taught about the anti-miracle of compound negative interest.https://twitter.com/maxkeiser/status/1155501079758626816 …
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Or they could just do the responsible thing and cut all spending, use all tax revenue to pay down the national debt, and then raise rates to normal 4-5%. SO EASY, why the fuck don't they get it?
Not at all easy, alas. For starters there are tends of trillions of dollars of government union and contractor funds that would be brought to bear to oppose it.
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True, but anyone with a brain would do the math before unrecoverable Zimbabwe/Venezuela situation. No one wants cuts, no one wants to cut off their gangrene toe, but in the end they DO it, because it is the best choice.
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It's not one brain, it's hundreds of millions of competing selfish brains.
End of conversation
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