AEIdeas

The public policy blog of the American Enterprise Institute

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Discussion: (1 comment)

  1. sangjmoon

    It’s a global ponzi scheme where governments of the world create money through debt and then sell the debt to each other to artificially depress the inflationary canary thus allowing them to continue spending and increasing the money supply to buy votes or quell the masses even in times of economic correction. The side effects of this ponzi scheme is that the economic corrections are greater in amplitude than they should be because the money supply is higher than the level the economy can stably support it, and the gap between the rich and poor increases as the money accumulates at the top without enough economy to reinvest it down the chain.

    This ponzi scheme will collapse eventually in a way that will make the current crisis look like a walk in the park when countries aren’t able to buy each others’ debt any more.

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