Forum Post: Economic growth = Debt growth
Posted 13 years ago on Oct. 10, 2011, 9:47 a.m. EST by Brett77
(22)
from Ellijay, GA
This content is user submitted and not an official statement
When will the media and those in power understand that economies of scale are only useful when you create more efficiency? Currently every country, every state, every county, every city, every household, every student has a significant average debt. When will it become clear that economic growth is nothing but more debt created by banks from thin air. Which becomes a burden on the economy and only benefits those who hold the strings.
Good post Brett77 - the Gov't spends $1.40 for every dollar it takes in - collapse!