I believe this is the "hockey stick" graph all Americans should see... not Al Gore's bozo version. An Incovenient Debt...I think we have a movie in the making.
Why do you use nominal debt here? Don't you ALWAYS and EVERYWHERE else make the point that pieces of paper don't matter? How about debt in terms of gold?
Old chart. Should be another 1/2 trillion higher. Just wait 3 weeks and put it up again= with the line drawn at 17 trillion.
ReplyDeletebut does it matter?
ReplyDeleteCan you say Exponential Growth Curve?
ReplyDeleteDraw a flat line of revenues and you see the problem.
I believe this is the "hockey stick" graph all Americans should see... not Al Gore's bozo version. An Incovenient Debt...I think we have a movie in the making.
ReplyDeleteWhy do you use nominal debt here? Don't you ALWAYS and EVERYWHERE else make the point that pieces of paper don't matter? How about debt in terms of gold?
ReplyDelete