Deficits are a function of the mechanics of the monetary system’s need to grow. It’s an infinite growth system that either grows or collapses.
Money is created via debt creation. The total amount of debt must grow or bankruptcies takeover.
There is no such thing as being debt free in this system or the system dies.
Also, there is a differance between agreeing with the Fed as a mechanism and the ruinous policies of the current monetarism theorcracy that is behind it now. Then again, we could always just blame the politicians for a institution the is legally protected from oversight.
How do you get rid of them if they break the whole system? Which is about where we are at now.
