Friedman nails it.....its all been one Giant Ponzi scheme.
I agree - ever since I was a little kid, it seemed to me that our growth model was unsustainable in the long term....unless we expanded off-world.
The housing bubble was a Ponzi scheme, the Social Security and Medicare is a Ponzi scheme....the World Economy is a Ponzi scheme.
read it here:
Friedman's Great Disruption
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