The Guardian publicerade nyligen en mycket bra artikel som går igenom hur det ekomiska systemet utvecklats och framförallt vad som hänt under de senaste tio åren.
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But big governments cost big sums of money. About a hundred years ago in America, in 1913, all levels of government combined – Federal, state, and local – absorbed less than eight percent of the nation’s income and output. Today, all level of government take nearly fifty percent of all that is earned and produced in the United States.
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Over the past five and half years under the Obama Administration, the Federal government has accumulated over seven trillion dollars in additional debt. At the same time, since 2008, the Federal Reserve – America’s central bank – had created more than four trillion dollars of new money in the financial system. In other words, the Federal Reserve has, in fact, already produced out of thin air a sum of new money equal to about two out of every three dollars the Federal government has borrowed during this period.
