Easy Chair No. 155, October 7, 1987 - Debt Dependency of the Modern Economy

They critique the modern economy’s dependence on debt, foreign aid, and overleveraged international systems, noting the hidden costs of inflation, declining domestic production, and reliance on other nations for resources. Both discuss Japan’s protectionist policies, the U.S. trade deficit, and the vulnerability created by foreign dependency, emphasizing that economic mismanagement and political interference distort reality.