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The government has tried to make up for about an 11% drop in GDP, which is pretty significant. The trouble is that we're not really talking about the source funds being fungible--it's just debt that's going to have to be issued and eventually taxed for. The bad thing about taxing it is that you take more money out of the hands of private individuals that they would have otherwise spent. A lot of people have this completely mythical idea that The Rich just pile real dollars away into secret vaults and that's just so far from the truth that it borders on the ridiculous. With 10% fractional reserve banking and with the banks' tendency to use SWEEP to reduce even that, reserves are pretty insignificant.Personally, I've always maintained that we've ALWAYS had corruption, and nothing much has changed in that respect. What's it's really about is the cost of energy and the net per capita available energy--that's going down and nothing can stop it unless we come up with one heckuva' miracle VERY soon. I'm currently working on a way of presenting that which makes it easier to see for the mathematically-challenged.
The government has tried to make up for about an 11% drop in GDP, which is pretty significant. The trouble is that we're not really talking about the source funds being fungible--it's just debt that's going to have to be issued and eventually taxed for. The bad thing about taxing it is that you take more money out of the hands of private individuals that they would have otherwise spent. A lot of people have this completely mythical idea that The Rich just pile real dollars away into secret vaults and that's just so far from the truth that it borders on the ridiculous. With 10% fractional reserve banking and with the banks' tendency to use SWEEP to reduce even that, reserves are pretty insignificant.
Personally, I've always maintained that we've ALWAYS had corruption, and nothing much has changed in that respect. What's it's really about is the cost of energy and the net per capita available energy--that's going down and nothing can stop it unless we come up with one heckuva' miracle VERY soon. I'm currently working on a way of presenting that which makes it easier to see for the mathematically-challenged.
