Isnt it interesting that none of them voice the option that the debt CANT be repaid. Its like so many economists can't simply understand that defaulting it a realistic option. But then defaulting on debt would test the foundations of the addtiction to credit
It's like an addict who doesn't know what an addiction is, he sees that he feels lousy and determines it's due to a lack of drugs in his blood stream, so he gets more drugs. And alas it fixes his problem. But because he doesn't see the bigger picture, he fails to understand the bigger problem he's making worse.
That's the problem, most economists fail to understand addiction to easy credit as the problem and only address the symptoms of withdrawal.
Isnt it interesting that none of them voice the option that the debt CANT be repaid. Its like so many economists can't simply understand that defaulting it a realistic option. But then defaulting on debt would test the foundations of the addtiction to credit
ClearSmashDrop 8 months ago
It's like an addict who doesn't know what an addiction is, he sees that he feels lousy and determines it's due to a lack of drugs in his blood stream, so he gets more drugs. And alas it fixes his problem. But because he doesn't see the bigger picture, he fails to understand the bigger problem he's making worse.
That's the problem, most economists fail to understand addiction to easy credit as the problem and only address the symptoms of withdrawal.
Wcoltd 1 year ago