1/4 Not sure America is in a debt crisis, but it’s certainly an issue. With this in mind, two interesting models of paying off debt are a) productivity boom and b) massive inflation (i.e. money printing). Not sure if either will (or can) be pursued, but Great Britain and Israel do serve as interesting examples.

2/4 Great Britain experienced an astounding productivity boom during what became the Industrial Revolution of the 19th Century that ultimately enabled it to pay off the huge debts amassed during the Napoleonic Wars (along with other wars). This was largely a growth-driven escape from overbearing debt loads, but the rural-to-urban societal shocks were obviously intense.

💯(especially if the seeming pivot to gold/neutral reserve assets materializes)