The Myth Of ‘Morning In America’—–How The Public Debt Went From $1 Trillion to $35 Trillion in Four Decades, Part 1

http://davidstockmanscontracorner.com/the-myth-of-morning-in-america-how-the-public-debt-went-from-1-trillion-to-35-trillion-in-four-decades-part-1/

 The debt-addicted politicians of Washington, of course, have no clue that the Fed is an engine of default and random redistribution. Nor do they have inkling that it is destroying the savings function, which is the ultimate key to capitalist prosperity.