1. Money is a construct.
It can be created from thin air. Annual deficits and aggregate national debt no longer matter much.
Prior presidents ran up huge annual deficits, but at least there were some concessions that the money was real and had to be paid back. Not now.
As we near $30 trillion in national debt and 110% of annual gross domestic product, our elites either believe permanent zero interest rates make the cascading obligation irrelevant or the larger the debt, the more likely we will be forced…