<div dir="ltr"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><span style="font-family:arial,sans-serif">On Wed, Jul 20, 2016 at 3:49 PM, rex </span><span dir="ltr" style="font-family:arial,sans-serif"><<a href="mailto:rex@nosyntax.net" target="_blank">rex@nosyntax.net</a>></span><span style="font-family:arial,sans-serif"> wrote:</span><br></div><div class="gmail_extra"><div class="gmail_quote"><br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline">​> ​</div>If GDP increases faster than debt, debt can increase indefinitely without<br>
causing a crisis.<br></blockquote><div><br></div><div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline">​<font size="4">Good thing too, otherwise the USA would have been in a continuing crisis that began in 1835. And without debt you couldn't have capitalism.</font></div></div><div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline"><font size="4"><br></font></div></div><div><font size="4"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline">John K Clark    ​</div> </font></div><div><br></div></div></div></div>