Originally Posted by dteowner
Completely agree, but there's still got to be some sort of fiscal delusion to backstop the bacchanal. I understand that you're kinda saying "something will be created" but to have such confidence in your prediction I'd think you'd have to have some general ideas about what "something" might look like.
The people that run the show would shoulder all the pain in a "wipe the slate" scenerio. I just don't see too many altruists among the hoi poloi and the financiers.
It's all about how you apply free market principles, but global governance is far too diverse and WAY too ham-fisted for that sort of thoughtful policy. And as soon as you bring human nature into the picture, you submarine the whole thing since a whole lot of people (including most of your powerbase) are actually deluded into believing that people are innately good and somehow "above" their basic instincts.