Draggingtree Posted November 28, 2013 Share Posted November 28, 2013 Ludwig von Mises Institute : The Fed Must Inflate Mises Daily:Thursday, November 28, 2013 by Chris Martenson The Fed is busy doing everything in its considerable power to get credit (that is, debt) growing again so that we can get back to what it considers to be“normal.” But the problem is that the recent past was not normal. You may have already seen this next chart. It shows total debt in the U.S. as a percent of GDP: (Source) Somewhere right around 1980, things really changed, and debt began climbing far faster than GDP. And that, right there, is the long and the short of why any attempt to continue the behavior that got us to this point is certain to fail. Link to comment Share on other sites More sharing options...
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