The Mep Report | Debate Podcast

Orwellian Austerity

In this Russia Today snippet, financial muckraker Max Keiser is scratching the surface of something very interesting. In discussing societies that engage in ‘financial repression’ Keiser sees a US in which saving money is not only considered passe, but is actively discouraged. And while it could be argued that we’ve already been doing this for over a decade, imagine a future in which more draconian penalties are associated with those who refuse to live paycheck to paycheck. It’s not much of a stretch to imagine a government that would seek to punish the un-patriotic activity of selfishly holding back one’s savings rather than dumping it into our economy of debt.