Tag: eat cards

Revolt Of The Debt Slaves: When The Herd Turns

If we could just get consumers to borrow more, so that they spend money they don’t have on things they don’t need, in order to boost GDP and corporate profits, all would be fine. That’s the current meme among [keynesian] economists. Since 68.5% of US GDP is related to personal consumption expenditures, boosting consumer spending…