That is by design after so much bad policy and debt piling on each other over the decades. When debt expands in an economy, assets go up initially and benefits for those at the beginning. As time passes, inflation sets in and future generations have less purchasing power to the same assets. Politicians use debt to avoid recessions but also addressing the boondoggles.

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The 90s was the final decade where a family can pay for car loan, health insurance, a mortgage, and education. Economists call this the FIRE economy and the 2000s was a transitory decade where after that decade a family couldn’t afford all 4 sectors of the FIRE economy at the same time and just pay for one at time. Look at CPI, that is day to day expenses but the FIRE is ignored to hide the issue of debt that took away the buying power of the currency.

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So why issue more debt when the currency and assets are no longer a local market but a market for Wall Street companies getting loans they don’t pay back along with boondoggles from politicians? Because the debt is their power and that power is what forms the bureaucracies within big business and government running a command economy rather than a real merchant one.

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Look at how the hospitals operate now with surprise billing and costs that keep going up, all to support it’s bureaucracy that actually kicked the doctors and nurses down the chain of power and treat them like maids where they just clear rooms like a hotel. They eye the buying power of a family and raise prices to raid the whole budget of the family.

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Universities use a similar scheme. Tuition prices are based not on the buying power of the student nor their economic reality but rather the budget of the family and the student’s amount of the loan they can get. Logically it shouldn’t be that way because that is not how efficient markets work. When there is no bankruptcy nor risk to the person setting the price, the buyer’s assets in essence is stripped.

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The economy basically fell to abstractions and usury where the currency is debased and what activity does exist is not from those that saved to buy rather than those that borrowed. That is why prices reflect on how much loans can be injected in and it’s basically a casino system of speculation. A zero sum game of musical chairs.

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This is why in the end there will be what historians call a debt jubilee or there will be a devaluation. It is nothing new to history of past societies clearing their debt such as Israel and Egypt back then. But in those days it was the mystic temples issuing the loans with the pharaohs seeking to erase the debt sparking the ire of the temples. Is today any different? This is why it is not easy to erase the debt and gets so bad to where enough of society sees it but it produced a lost generation

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In the end a lost generation should not have happened but corruption and graft made it so. Some argue the US is in a trajectory of the Byzantines where the leadership loot and pocket the nation and the society in disillusionment with continued lost generations. This is why a debt jubilee is necessary or the society gets balkanized which ultimately happened to the Byzantines.

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i’m 21 and still haven’t gotten a single job 💔💔

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