[pigdog]

You'd then no doubt be aware of (and interested in) Dr. Kurt Richenbacher who has such informative newsletters. His material is very informative.

[StJacques]

"You'd then no doubt be aware of (and interested in) Dr. Kurt Richenbacher who has such informative newsletters. His material is very informative."

Yes I am. And I have read a few of his newsletters. Is it the Wall Street Journal that circulates them? I know they publish pieces by him on a regular basis. The von Mises Institute has discussed his work at some length. Richenbacher is the true "Cassandra of Debt" among modern economists, especially in his persistence at pointing out the relationship between how each dollar of GDP growth requires x dollars of debt to sustain it and further, that the x figure has been rising for some time now.

I don't think too many policy makers want to listen to Richenbacher these days. If he's right, it means we should cut both government spending and consumer credit interest rates dramatically. That does not go down well in Washington.