Re: Middle Class Bubble
the greater the debt:taxbase ratio we have, and the more the $ is devalued, the less middle class there can be. didn't need to be this way, but we've been deliberately uneducated in alternative economic theory and have been for our lifetimes and our parents lifetimes. Alternative economic theory that explains what is happening and why, is finally gaining traction, but way too slowly and still not given recognition by PTB-since they are vested in every way shape and form in reigning economic theory.
and besides that, PTB never implemented reigning economic theory the way it was meant to be implemented-if they had, we'd be in far better longterm shape as a country. where we are today is consequence of decades of short-term, politically convenient economic decisions by PTB. politically-convenient decisions today set the stage for all our economic tomorrows.
"life can only be understood backwards, but it must be lived forwards" - soren kierkegaard
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