by Karl Denninger
Market-Ticker.org
This is the issue for the United States folks.
If we don’t fix it then there is no solution for inflation and the destruction of consumer capability from a standpoint of families, sustainability and prosperity.
Thermodynamics applies to all things. The laws of thermodynamics can be learned by taking a class, but you can sum them up as three sentences if you’re not interested in the finer points. They are:
- You can’t “win”; that is, getting more out than you put in is a physical impossibility.
- You can’t break even; that is, no matter what you do you will will always have loss in your endeavors.
- You can’t avoid playing the game; that is, refusing to participate simple means everything rots around you!