50 years ago in September of '70 I walked up the stairs of Westcott and into Ruby Diamond for my very first class at F.S.U.....Econ 101. The professor stood behind a podium on the stage and read from the text book that he had written and we students were required to buy for the class. It was dark in there and I'll confess to sleeping through most of Econ 101. I think I got a B.
Now for my question... A few months ago "they" printed (digitized) 3 Trillion $. They are getting ready to print another two or three Trillion to add to the 25 Trillion we already owe. For someone who didn't sleep through Econ 101. Is there a tipping point ? Is it 50 Trillion, 75 ? At what point does this whole thing fall apart I'm hoping someone can tell me we have another 10-15 years before the feces hits the fan. I don't want to be around when it does.
Now for my question... A few months ago "they" printed (digitized) 3 Trillion $. They are getting ready to print another two or three Trillion to add to the 25 Trillion we already owe. For someone who didn't sleep through Econ 101. Is there a tipping point ? Is it 50 Trillion, 75 ? At what point does this whole thing fall apart I'm hoping someone can tell me we have another 10-15 years before the feces hits the fan. I don't want to be around when it does.