How the Exponential Age Is Remarkably Changing the Macro Economic Landscape of the Economy
Will it be enough to change the entire financial sector?
The debt burden damages the hopes and beliefs of people everywhere. The simple fact is that taxing 100 per cent of citizen 100 per cent of their income would be insufficient to solve the debt problem in most of the indebt countries around the world today.- Dr. Pippa Malmgren in Signals: How Everyday Signs Can Help Us Navigate the World’s Turbulent Economy
Because of what central banks have done since 2000, the social contract between citizens and their states is falling apart.
The social contract, before it has been written, it was always understood. Citizens accepted the presence and authority of the states, public institutions, legislature, courts, and military.
The burden of debt stresses the social fabric by forcing people to reconsider, if not entirely redraw, the line between the state and the market, between those who pay and those who benefit, between spending and taxation.- Dr…
