Great article. It all seems so clear, but I can´t stop asking myself... ¿why do central banks insist in this kind of ponzi scheme? and ¿Why is that I see very few people in media and academia (well known economists) seriously opposing this and predicting doomsday?
Most of them (central bankers) are VERY VERY smart people... It is very hard to believe they're just so stupid they can´t see all this... As I see it: either they have some rational that goes far beyond my understanding (which is not that far) or they are just ripping us off... ¿Do you have an opinion? Regards.