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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