The Oil Drum | Drumbeat: February 22, 2013: Money is a claim on energy. Debt is a claim on future money. So debt is a claim on future energy.
And Debt can go "poof" in bankruptcy.
The US Government has made the money-debts go away once before. It can do it again.
Friday, February 22, 2013
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment