The way out for a world economy hooked on debt? Yet more debt. A decade of easy money has left the world w/record $250tn of govt, corp & household debt. That’s 3 times global GDP & equates to $32,500 per capita. https://t.co/Q4mRZAx6l7 pic.twitter.com/HSJhGrRPF9
— Holger Zschaepitz (@Schuldensuehner) December 2, 2019
I will ask a question someone once asked that is still relevant: “Who the fuck does the world owe all that debt to, Jupiter?”
Debt and money are tools. We can choose how to use them — or to break them. There is no natural law here; merely what humans have created.