The problem is that the velocity of debt accumulation is greater than the velocity of new lines of productive activity as a consequence of innovation, including higher earning potential in consort with an expansion of the US population with the brightest and the best from such locales as AfPakistan, who would be well suited to life in fly-over America. However, such an outcome is severely hampered by a lack of saving, and the discouragement to save because of a hopelessly low interest rate.
The problem is that the velocity of debt accumulation is greater than the velocity of new lines of productive activity as a consequence of innovation, including higher earning potential in consort with an expansion of the US population with the brightest and the best from such locales as AfPakistan, who would be well suited to life in fly-over America. However, such an outcome is severely hampered by a lack of saving, and the discouragement to save because of a hopelessly low interest rate.
charlessmyth 2 years ago
Way to go Wally. Please keep it up!!
dagincajun 2 years ago
We need more like Wally. Go get'em!
impalagar 2 years ago
Well said Wally. Debt is the problem, not the solution. Our Country is choking to death on debt and taxes.
saverimuttuwhat 2 years ago