from oilprice.com.....
"The Modern View of debt has gradually developed, as the world has expanded its use of fossil fuels, and as a result seemed to be on a never-ending growth path. Economists, actuaries, and financial planners have all built models assuming that growth will continue, and as a result, debt, and perhaps even growing debt, is possible. But back in 1945, many people in the United States still held the Traditional View of debt. Because of this, the level of debt was much lower than today"..........READ MORE
No comments:
Post a Comment