The Key Question: Increase Debt or Write It Down?
Should the Fed be increasing debt — https://finance.yahoo.com/news/feds-cure-risks-being-worse-110052807.html — or writing it down — https://www.paulcraigroberts.org/2020/03/25/a-brady-bond-solution-for-americas-unpayable-corporate-debt/ ?
Will the One Percent in a futile attempt to save its own paper wealth doom us all?
The Fed is socializing debt without writing it down. Socialization or nationalization of companies should be used to write down the debt, not to increase it!
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