“When the volume of debt has grown as large as national income or GDP, and when it bears an interest rate (typically 5%) above the economy’s rate of growth (typically just 1% to 2%), then all the growth in national income is taken by the creditors.” CapitalismDebtSocialismRentier ClassMichael HudsonEconomic RentJunk Economics Book:J Is for Junk Economics: A Guide to Reality in an Age of Deception Source: J Is for Junk Economics: A Guide to Reality in an Age of Deception