[hubbubhubbub]

"A supply that increases, oh, 1/10 of 1% a year. "

WRONG! It increases 2% per year. But it is an asset not debt.

Now we have to increase our debt 8% per year to get 4% GDP growth.

[elfman2]

"WRONG! It increases 2% per year. But it is an asset not debt. Now we have to increase our debt 8% per year to get 4% GDP growth."

You’re confusing borrowing dollars with owning gold. $500 in your pocket is as much an asset as an ounce of gold in your pocket. Borrowing an ounce of gold is as much a liability as borrowing $500 dollars.