What will stop the growth of the national debt? The U.S.’s creditors. From Robert W. Malone, MD, MS, at rwmalonemd.substack.com:
Lack of market force corrections combined with PsyWar propaganda yields unstoppable parasitic growth
My Dearest American Friends and Colleagues:
Just in case you didn’t notice, since the 1980s we have developed a very big problem which is growing exponentially. The US national debt has become unsustainable.
To a significant extent this debt is enabled by irresponsible printing and injection of fiat currency into the overall US economy by an unaccountable private “Federal Reserve” Bank. Today’s Federal Reserve routinely acts as a willing enabler rather than a check on administrative and deep state spending. The management of the Federal Reserve has become integrated into the interests and culture of the permanent bureaucracy. But that is merely one of many symptoms of a deeper problem.
Many factors drive this explosion of debt, but near the top of the causation list is that the executive branch and its permanent bureaucracy (administrative state + deep state) just does not care. They have no pressing reasons to care. They have developed a whole special economic logic to justify and rationalize not caring, called Modern Monetary Theory (MMT).
Functionally, unlike either industry (market forces) or the military (failed wars), there are no external forces currently limiting the expansion of the dysfunctional, counterproductive and (frankly) parasitic behavior of today’s Executive branch. Legislative branch oversight has been emasculated by consent with lobbyists collectively clamping down the Burdizzo, and in 1984 the Judicial branch conceded its authority to serve as a functional check on Executive/administrative branch arrogance via the Supreme Court Chevron Deference decision. And like the Federal Reserve, the informal “fourth estate” (corporate media), which historically provided a separate and semi-autonomous oversight function, has also been captured by this permanent bureaucracy.
