Money for nothing

(and your chicks for free)

Not Dire Straits, but a well respected economist called Steve Hanke of Johns Hopkins University

Of course the US isn’t paying one-fifth of its tax revenue on interest - it just prints more dollars to pay that. Classic Ponzi scheme:


Ponzi = Stock Market.

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Wow!! Are you saying Microsoft has no assets? Its all in worthless dirty paper?

No. I don’t think its a Ponzi scheme. You can debate the accuracy of current market value. But it is not worthless. It is worth whatever some buyer is willing to pay.


Just watch the debt-to-GDP ratio.

If we continue to reindustrialize the US all else is of little consequence in this discussion.

The same people who are crying wolf would not have a factory buildout.


Just like the next (Ponzi scheme) investor.