Skip to content
For technical reasons, this site had to be rebuilt from scratch. Some of its functionality and previous pages have been lost and it is possible that some links have been broken.

The debt for dummies

al.wragg, 04/10/2012

The first part of this text presents some basic concepts like the distinction between deficit and debt, for those who are not familiar with them, and a personal idea of some of the reasons that led us to the current situation.

The second part has a demonstration, based on a simple mathematical model presented in the annex, of how the solutions proposed by those in power will never be able to solve the debt problem in our lifetime.

I therefore argue that it is mathematical evidence that austerity, growth and good behaviour towards "the markets" do not solve the debt problem, but rather aggravate it even more.

 
visits (all languages): 4
 

This website uses cookies to ensure you get the best experience on our website