Infrastructure and the National Debt.
Why can’t we have nice things? Why can’t we have safe bridges and roads, excellent schools and so much more that we need and can actually afford? Why, the national debt, of course! The use of our national debt as an excuse to not directly fund these essentials is an institutionalized deception used to keep us locked into a mindset of scarcity that requires ever-expanded borrowing from private sources.
Ellen discusses why China isn’t having this problem with funding of their needs; Walt talks with Donald Cohen about the push for privatization; economist Michael Hudson talks about the façade of national debt; and author/philologist Robert Bows discusses how the history of private issuance of capital has stymied our growth for centuries.
First Aired on It’s Our Money with Ellen Brown.