QUESTION.
World economists unanimously declare that the root cause of the global economic crisis is the all pervasive reliance on debt - and in particular, incessantly escalating levels of debt, being used to sustain economic performance and growth.
Faced with this collective wisdom, identifying the root cause of this universal collapse of national and corporate economies, administrations everywhere are desperately scrambling to claw back and reduce debt to proper, principled levels.
That being so, then what expert economic advice, has this lay council sought or received, which justifies it, to so comprehensively reject and refuse that collective expert wisdom, and to instead, perversely increase debt levels by over 300%?
What advice has this lay council received that gives it the assurance and certainty to embark upon the very course of action that has brought the rest of the world to its knees?
About Me
- pinocchio
- This blogspot is born out of a deep democratic concern about the continual political spin and the outright manipulation and suppression of information by local government and local media. In my view that rampant disinformation has become so extreme that it can only be considered grossly deceptive. This blogspot attempts to provide some balancing transparency to that situation. Hopefully it might even help keep the "buggers" honest.