Posted 2/24/2015 07:03 (#4409751 - in reply to #4409690) Subject: RE: Next economic question. WHY is debt so prevalent throughout the world today?
Pittsburg, Kansas
Very good example of what we are facing with the public awareness or lack thereof.
This happens again and again throughout history. Reading about the French and Assignats it might as well have been written for today. Very smart people of the time bought into just what you are talking about with the discussion with your nephew. The Krugman's and Bernanke's of the day were alive and well.
Next economic question. WHY is debt so prevalent throughout the world today?
