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17min chapter
John Rapley: Is Canada's Economy in Decline?
The Missing Middle with Mike Moffatt and Sabrina Maddeaux
Deconstructing Debt, Savings, and Social Contracts
Exploration of the origins of debt creation in fractional reserve banking, reliance on faith in financial systems, and the social contract implications of debt and pensions. Insight into government debt repayment strategies, challenges in fulfilling long-term financial commitments, and the need for sustainable solutions. Analysis of economic challenges in Canada, including pension plans, housing crisis, intergenerational wealth transfer, and the quest for transparency in addressing economic issues.
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