This is kind of a damned if you do damned if you don’t situation. Slowing debt creation would cause a massive contraction of money supply because of lack of “new” money in the system to service debt. Practically all money is debt. The kicker is that there is never enough money in existence to pay off existing interest so it must continuously keep creating more debt/ money. It is a grow or die system.
Now we’ve come to an interesting point where piling more debt on is also destructive,as indicated in the article, but is a slower “crash” because they are still pumping money into the system. The problem is job creation has stopped and wages are deflating(albeit minimal). Which means, no more new debt slaves and less ability to service debts amongst the working. So the only thing the can do to stop massive deflation is pile on more and more government debt and various forms of “Printing” to feed the monetary system. I can’t imagine they can keep this up for too much longer. Eventually, we have to have a monetary system crash of some flavor.
This is an “irreconcilable contradiction” of the monetary system.
