Skip to main content

Posts

Showing posts with the label debt

Why it is Reasonable to Assume the GOP wants an American Debt Default...

  To gain an honest and clear-eyed understanding of the current fiscal, monetary, and political situation, it is necessary to examine the historical context of the current debt crisis. This analysis can provide an  important perspective. One relevant historical period to consider is the Republic of Germany in the period preceding World War II. During this time, an extremist right wing party launched a successful strategy to create chaos in the political environment, leading to hyperinflation, economic instability, and social unrest. They took advantage of the economic turmoil to gain power, leading to the rise of a fascist regime that caused immense harm and destruction. Other factors, such as Germany's defeat in World War I, the Treaty of Versailles, and widespread disillusionment with the political establishment, also played a role. It is important to consider the contemporary political landscape, including the actions and policies of political leaders and parties, and the b...