Daily PUMA Column - Commentary by Alessandro Machi

Saturday, August 26, 2023

Dagwood Bumstead explains the illogic of High Interest Rates in the 1940 film "Blondie on a Budget".

Dagwood Bumstead from the 1940 Movie "Blondie on a Budget" explains the economy, climate change, global warming, and the sin of Fed mandated high interest rates in one fell swoop sentence... "I bought a suit once a dollar a week and I wore out the two pairs of pants paying for it".

As I wrote on one of my websites over a decade ago, higher interest rates require people with high interest rate debt consume a higher amount of natural resources  (which allegedly causes climate change and global warming) paying back their debt.

 

Please consider signing the Debt Neutrality Petition by clicking here.

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