... their growth in effective productive capacity that are at the most serious risk of long term inflation. Its not the quantity of the borrowing but the effectiveness of the borrowing as an investment. The US has put itself behind the eight ball with $1T+ to maintain the senior workers of the finance sector in the lifestyle to which they have become accustomed ... the question is whether it repeats that in the productive sector with massive investment in an obsolete Energy Economy.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.