Politically impossible without some disaster to force action. In fact, a logical. dispassionate observer must conclude politicians are deliberately doubling up on debt in order to force a collapse
Politicians don't get re-elected by taking $ away. The value of both the currency and the government debt will have to collapse (or semi-collapse) before any debt reduction takes place. Chapter 11 reorganization for the good old US of A. The finance (and politics) dudes and dudettes know this and are hoping they game the timing of the collapse to best benefit themselves. Human nature 101.
Hypothesis: Easy money is the greatest factor in increasing inequality. The rich have more access to $, leverage, and government $ and exponentially increase their wealth while the proles get a little bit better off. Easy $ for the masses is a con job.
Is there a libertarian solution to it?
Politically impossible without some disaster to force action. In fact, a logical. dispassionate observer must conclude politicians are deliberately doubling up on debt in order to force a collapse
How hard can it be?
Absolutely impossible with the numptys currently inhabiting Westminster!
Politicians don't get re-elected by taking $ away. The value of both the currency and the government debt will have to collapse (or semi-collapse) before any debt reduction takes place. Chapter 11 reorganization for the good old US of A. The finance (and politics) dudes and dudettes know this and are hoping they game the timing of the collapse to best benefit themselves. Human nature 101.
Hypothesis: Easy money is the greatest factor in increasing inequality. The rich have more access to $, leverage, and government $ and exponentially increase their wealth while the proles get a little bit better off. Easy $ for the masses is a con job.