Reply #12: re: the elite, corporate ruling class

[Kurt_and_Hunter]

"But, ask yourself, who owns the national debt?"

You should recognize that the debt is a hot-potato held by the super rich. Those bonds only pay off big if inflation can be kept at depression levels.

The mega-rich are holding a ton of paper paying 4%. That means that if inflation goes to even 3% they are screwed, making a paltry 1%!

Inflation is correlated to unemployment. High unemployment benefits people who have employees and people holding bonds.

Our "reasonable" concern about the debt is driven by ceaseless propaganda from the super-rich.