06-01-2017, 03:52 AM
(05-31-2017, 06:50 PM)Eric the Obtuse Wrote: Neither Party now dominant is really committed to reducing the debt, although our current Party system could change. But I suspect the national debt will be huge for the remainder of the existence of the USA; however long that is. And large growth in the GNP may be unlikely in the future too, due to population declines and resource limits that are likely. If we go progressive again, though, innovation could increase, and better wealth distribution will help overall prosperity.
As usual your knowledge of history is as faulty as your understanding of economics. One of the biggest signs that your empire is going down is ever increasing debt and monetary debasement. The US has been doing this since at least 1971 but some would argue since 1913. Another good sign that your empire is going down is a never ending string of wars. Here are a couple of graphs to illustrate my point.
![[Image: 31655_a_large.png]](http://static.safehaven.com/authors/chapman/31655_a_large.png)
Now for the dollar.
![[Image: 31655_b.png]](http://static.safehaven.com/authors/chapman/31655_b.png)
You will no doubt entirely miss the point as usual.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises