http://www.zerohedge.com/news/modest-proposal-boost-us-gdp-852-quadrillion-build-imperial-death-star Ive already emailed this to Julia Gillard and Tony Abbott so construction will start soon, Im excited not only will we boost our GDP by insane amounts!! But we could borrow the money from china and the rest of the world then use the death star to annihalate them thus liquidating all debt obligations - genius. Paul Krugman helped me with the theory so partial credit to him.
Actually there is some disagreement about the actual dimensions of the Death Star. http://www.centives.net/S/2012/how-much-would-it-cost-to-build-the-death-star/
it would be easier to "build" a death star by discovering one http://www.infiniteunknown.net/2010...an-invisible-death-star-that-circles-the-sun/ i reckon that would wipe out most people's ideas of debt, might even help people get a bit more religious too -it's a win win
Yes, just like in the past century there is a way to grow out of debt. Make people work harder so that they produce more at the same cost and thus can avoid having to increase their prices proportional to the money creation. For ex, the crisis of the seventies was grown out by computers, automatisation, 24/7 production, and so on. The monetary bases tripled since 2008, and we are now expected to triple our output at the same cost. To find out if this is realistic or not, look at the efficiency at which the industry / companies work these days. Can they improve themselves once again 3 times? If that doesn't work out, we will see either the collapse of the banking system, effectively wiping out all accounts, either hyperinflation, effectively wiping out all purchasing power. And if you think about the difference, except for time, there is none.
I think if we impose draconian austerity measures on populations with public debt, somewhere to the tune of 99% of their income which would go directly to paying of the debt we could get ourselves out of this. And so that the people can still survive on their 1% income we can price fix all essential living needs and ration them. But of course we will want to continue to fund entitlement systems with printed money so the people wont get upset
