Death by misadventure?

“Mr Bernanke built his academic reputation on the study of the credit mechanism. This model offers a radically different theory for how the financial system works. While so-called “creditism” has become the new orthodoxy in US central banking, it has not yet been tested over time and may yet prove to be a misadventure.”

[ Telegraph
US money supply plunges at 1930s pace as Obama eyes fresh stimulus

If the USA is the world’s wealthiest nation, why does it need to be so heavily into debt?


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