Quote from denner:
I always hear these arguments about nobody forces these people to go into debt, which is all and well, but...by and large it's the deficit spending, the debt based monetary system that runs on this "inflate at all costs" idelogy that creates enormous pockets of inflation that the vast majority of the population has no choice but to assume a pretty serious debt load.
Working against this backdrop are the numerous assistance programs that grant enormous discounts or, in many cases, complete subsidies to the lower tiers of the economic ladder and this, once again, increases the costs of those who are "theoretically" capable of financing these costs. Maybe some of you haven't noticed tuition costs, housing costs, increased local and property taxes, etc, etc...
There is absolutely no question that the willful efforst of the central planners to target asset inflation and dollar debasement creates a system whereby large sections of the population have no options but to assume a larger debt load. As we've seen, we they become oversaturated with debt, then the focus shifts to the government assuming their role and increasing the debt load.
Inflation greater than previous inflation until bust...
