A currency can collapse, and a civilized nation can fail and fall into chaos -- for real -- if it ruins its own currency with debt that it cannot seriously repay except with figuratively just printing more and more currency.
The Weimar republic taught us that (as if it needed to be taught). But in the interests of politics and special interests, industrial and otherwise, many politicians and about a third of our country never saw a trillion that they didn't want to borrow and spend.
It was reported recently that we obtained eight new electric car charging stations for around a billion dollars apiece! If so, what a green triumph, eh? And those wouldn't even be a drop in the bucket. In the last few years, our currency has already lost about 20 percent of its general purchasing power at home (that's what inflation does). But the constant call for still more hundreds of billions of debt goes on and on and on and on.
National, economic reality is ignored in pursuit of individual benefit and narrow, angry politics pursuing personal power. Huge new debt is created to court voting blocks, like "college students." The clocks keep ticking and the vitriol continues.
That, it seems to me, is what most threatens our (representative) democracy.
The Weimar republic taught us that (as if it needed to be taught). But in the interests of politics and special interests, industrial and otherwise, many politicians and about a third of our country never saw a trillion that they didn't want to borrow and spend.
It was reported recently that we obtained eight new electric car charging stations for around a billion dollars apiece! If so, what a green triumph, eh? And those wouldn't even be a drop in the bucket. In the last few years, our currency has already lost about 20 percent of its general purchasing power at home (that's what inflation does). But the constant call for still more hundreds of billions of debt goes on and on and on and on.
National, economic reality is ignored in pursuit of individual benefit and narrow, angry politics pursuing personal power. Huge new debt is created to court voting blocks, like "college students." The clocks keep ticking and the vitriol continues.
That, it seems to me, is what most threatens our (representative) democracy.
