By MN Gordon – Econimic Prisim
If there’s one thing to understand about what’s going on in the political economy today, it is the fundamentals of debt. You do not need to be a bean counter or get too deep into the weeds to get a handle on things.
What you must understand is this. Debt – public and private – has grown to such massive extremes that it will never be repaid.
But it will be settled one way or another.