You can choose to live an increasingly austere lifestyle amidst tremendous productive capability by not borrowing, but if you borrow 95-98% of us will become debt slaves.

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Debt slavery is NOT an option for 95-98% of the population who wants a middle class lifestyle. And if you choose to live an austere life without borrowing….it will become increasingly austere. That is the edict of the cost accounting convention that ALL costs must go into price coupled with the the monopoly paradigms that debt is the only vehicle for monetary distribution, and ONLY distribution into the economy first instead of directly to the individual.