[Aerroon]

The New Deal also set up time bombs in the economy. Government spending as a percentage of GDP is ever-increasing. Early 1900s this was at about 3-5%, nowadays it's 40-60%. On top of that it gave us the pension and healthcare time bombs due to birthrates decreases.

Whether we like it or not, but eventually this spending is going to grow high enough that it can't grow anymore.

[night862]

None of that was New Deal and the ssi pensions were funded, all this happened well before the move to fiat.

you're hand waving over two world wars, the discovery of nuclear weapons, microwaves, and transistors the invention of automobiles, financialization of the economy, massive concentrations of wealth in a tiny percentage of ultra-wealthy people and corporation in America.

There is no need to jerk your knee so sharply at the mere mention of a historic fact.