Simple logic says: If debt doesn’t matter then how can money? We can’t have it both ways. Either money does not matter and neither do debts, or money does matter and so do debts.
But why have we had so much success while getting into debt, for example low unemployment. Well that’s easy to explain, money was borrowed from our future earnings to pay people now. What? So we borrowed money to employ people, so they could pay taxes and build houses? Yes!
While collective borrowed money was collectively paying bills, the illusionist was working his magic. While people watched the pretty assistant doing the credit jig, he made manufacturing & productivity disappear, they did not notice it, or even morn the loss, they were having too much fun on the magic money-go-round.
