A $9T corporate debt bomb is 'bubbling' in the US economy
I&#x27;ve come to realize that debt (at the macro level) really doesn&#x27;t matter at all in our system. In fact higher levels are better because it means people are doing business. It&#x27;s a completely different thing than personal debt. The direct cause of the depth and breadth of the Great Depression was seeing money as a &quot;thing&quot; that actually exists and must be conserved, rather than the fed QE policies of Bernanke, which saved us during the Great Recession. If anyone can point to a place where a sovereign democracy with reserve currency status ever went bankrupt or suffered ill effects from too much debt, I&#x27;d like to see how that worked.