skate
07-02-2008, 02:52 PM
This evil amongst us...
Gov prints and the banks receive.
Gov pays interest and the banks receive.
This is debt, but what happens then? does it just go away?
Or does it flow thru the economy, again and again in terms of Wages etc.?
Debt is Money. Is money good or bad?
With out debt, no money.
Without money, no growth.
It comes down to the degree, the ratio between debt and GDP. It seems that way to me.
Gov prints and the banks receive.
Gov pays interest and the banks receive.
This is debt, but what happens then? does it just go away?
Or does it flow thru the economy, again and again in terms of Wages etc.?
Debt is Money. Is money good or bad?
With out debt, no money.
Without money, no growth.
It comes down to the degree, the ratio between debt and GDP. It seems that way to me.