Debt Is Not The Problem. It's The Priorities.

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I think just about every reader here gets the fraudulent nature of the debate around government debt. Other than it being a manufactured political crisis…

There.

Is.

No.

Debt.

Crisis.

There is no economic reason—none—for this “crisis”. The size of the debt has no relationship—none—to underlying economic issues such as inflation, wages, or unemployment.

That said, I thought I’d just say a few things here as a service, handing out some coherent (hopefully) arguments/ammunition to use with your friends, family, or co-workers.

This is such an old debate. So, an easy start is to go back to 1997 when I wrote a book called “They Get Cake We Get Crumbs: The Real Story Behind Today’s Unfair Econ…