“The New Swedish Model”... Yes, I was expecting a cute blue eyed blond!!!
Excellent article. In response to the question, “Can we do it too?” I fear not as we have ourselves in a double bind with interest rates.
Banks and financial institutions cannot lend long term at the current low interest rates, thus virtually all mortgages, student loans, and many of the commercial loans are either flow through money from the government or government guaranteed. If we allow interest rates to creep up (as they should at the rate the Fed is printing money, it will take 100% of our tax revenue just to pay the interest on the outstanding debt. This is without considering Social Security and other unfunded or underfunded programs which we have already entitled to people.
Between the Fed printing money and propping up the government with loans, purchasing treasury securities to keep interest rates low, pumping many $$$ into a low volume stock market to prop up prices, and the government manipulating the cost of living index to keep interest rates low and wage increases checked....... WE ARE SCREWED!!!
We are a facade government waiting for the balloon to burst any day. There is absolutely no way to make it through this nightmare without a new government formulation that wipes the slate clean, takes away everyone’s golden egg laying goose, screws the debtors, and lets the taxpayers get back to their individual businesses.
You nailed it, TR. That is precisely what needs to (and is) going to happen when this ponzi scheme runs its course. Let us pray that good Americans don't die in the process.