Margaret Atwood vs. debt

[Michael Bailey]

>  Atwood:
>
> "In good times we float around on it as if on a helium-filled balloon;
> we rise higher and higher, and the balloon gets bigger and bigger,
> until -- poof! -- some kill joy sticks a pin into it and we sink. But
> what is the nature of that pin?
>

or until the lines get tangled and the valve stuck open, which
actually describes the situation pretty nicely

so what we gotta do is somebody young & nimble hasta clamber up and
unstick the thing manually

-----------
Mises rumbles on about the business cycle: the self-appointed
unconstitutional Fed makes fiat money, gives ("loans") it to the
people they like,
who spend most of it on yachts & shit, and invest a little bit in projects

when the projects pay off, the Fed inflates things and unseats the
people who actually did the work, so that "ownership" reverts to their
friends

that way the people who actually do the work never get enough money to
quit working

...well, that may not be exactly how Mises breaks it down...