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The debt bomb story

An informative overview of the US debt addiction and its consequences can be found here: http://www.truthout.org/docs_2006/printer_032107M.shtml

The article is based on John Ince’s documentary “Time-Bomb. America’s Debt Crisis, Causes, Consequences and Solutions”: http://www.customflix.com/208246

There is no deeper theoretical explanation neither in the article nor in the documentary because the author follows largely the critical mainstream view and seems only slightly to be aware of the explanatory power that is provided by the Austrian business cycle theory and Austrian economics in general.

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