25 May 2022 3:22 pm
I agree. But my dad showed me the same argument back in 1970.hc73 » 25 May 2022, 11:24 am » wrote: ↑ Only new loans can pay for old loans + interest. The system must collapse sooner or later.
For a little perspective check where 1979 is on this chart!
https://fred.stlouisfed.org/series/MABMM301USM189S