Just as third worlds countries print tremendous amounts of money it does not make them more wealthy.
As I said originally, I just don’t feel like arguing about this with someone. Things are what they are... Mr. Stark was making the point that our debt is representative of the wealth in this Nation. He is correct in the sense that the debt is used to create the monetary supply, and his logic is more debt = more money = more wealth. Several posts ago I pointed out what he failed to mention.
In addition, there are other indicators of the “wealth” of any Nation. Neither the questioner or Mr. Stark attempted to address these other indicators.
The questioner attempted to pin him in the corner by badgering him and not recognizing where Mr. Stark was exactly correct about our monetary system. Had he given Mr. Stark credit for his factual statements and then used those statements to inquire about the mechanisms of inflation and deflation and how they come about under our system, or better yet why our system was not tied to production or a fixed measure as specified in the Constitution, then I think he would have been much more effective...