The problem with economists is that they forgot math. The deal in illusionism and magic just l;ike the great Houdini did. Except these idiots have actually figured out how to make wealth disappear.
Meanwhile the share of the economy devoted interest payment increases and the government will need to find fresh ways to tax, fee and take to make the payments. Individual liberty gets thrown under the bus. Eventually the breaking point comes. Then I suppose it’s either repudiate debt and go to war or let the whole system collapse. I’m guessing we’ll choose war.
Reagan proved deficits don’t matter.
Is the Business Insider the Goldman-Sachs house organ.