doomslothx
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doomslothx3 karma
is there substantiated evidence to suggest that Americas interest on borrowing will outgrow the GDP in years to come? (To my understanding that would suggest the fed would go into negative interest right?) Is it a very bad thing if this happens?
doomslothx2 karma
Ah I see - what I;m curious about furthermore is regardless of our ability to grow - any country will always be in debt no matter the interest rate - surely there's a celling to "the creation of money"? Wouldn't exponential growth become unstable and topple as outcome of drying up resources for example? The system is so intertwined that any one thing could topple another should circumstances align? In your studies have you ever come across a systematic failure on a major scale (say multiple nations?) outside of our 21st centaury issues?
doomslothx2 karma
is it true that the limit to the amount of money that can be created using the heterodox method is coming near in the US?
doomslothx3 karma
Thanks for your time - this was very interesting!
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