In other words, in the last ten years, the US national debt increased by more than $3 for every $1 increase in GDP. It's brilliant.

Overall government debt across the world has TRIPLED since Lehman's collapse to $63 trillion- …and that doesn't count their unfunded liabilities (like pension obligations, or the $40+ trillion that the US government owes its taxpayers for future Social Security benefits).

They're all at record levels.

So central banks started printing tons of money and slashing interest rates in the early 2000s.

They believe they fixed a problem caused by too much money in the system by injecting trillions of dollars of new money into the system.

Categories: ZH