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And that's the one thing that people do not understand is that we have very low interest rates and if those go back to historical levels or even go back to scary thoughts that they're back in the late '70s, early '80s, then that's going to really be hard to actually pay off those debts. It's going to be a - it's going to be a very big problem. ↗
#back #big #big problem #debts #early
We shouldn't have to be burdened with all the technicalities that come up from time to time with shrewd, smart lawyers interpreting what the laws or what the Constitution may or may not say. ↗
The history of the last century shows, as we shall see later, that the advice given to governments by bankers, like the advice they gave to industrialists, was consistently good for bankers, but was often disastrous for governments, businessmen, and the people generally. ↗
