[detbuch]

Since we cannot be sure of what the masterminds who regulate American money truly have in mind, predictions of where this trend will lead may not be possible. Sure, common sense would predict that if the trend continues, there will be economic collapse.

But not all economists subscribe to common sense. There are all these different "theories" which have important areas of disagreement. Maybe there is no one theory that covers all economic parameters and contingencies.

Not that this covers enough economic ground to solve the our debt problem, but there is this list of policies or actions on which there is substantial agreement across the field. From Wikipedia:

Agreements:

According to various polls cited in Principles of Economics by Harvard Chairman and Economics Professor Gregory Mankiw, economists have the following agreements by percentage.[154][155]
1.A ceiling on rents reduces the quantity and quality of housing available. (93% agree)
2.Tariffs and import quotas usually reduce general economic welfare. (93% agree)
3.Flexible and floating exchange rates offer an effective international monetary arrangement. (90% agree)
4.Fiscal policy (e.g., tax cut and/or government expenditure increase) has a significant stimulative impact on a less than fully employed economy. (90% agree)
5.The United States should not restrict employers from outsourcing work to foreign countries. (90% agree)
6.The United States should eliminate agricultural subsidies. (85% agree)
7.Local and state governments should eliminate subsidies to professional sports franchises. (85% agree)
8.If the federal budget is to be balanced, it should be done over the business cycle rather than yearly. (85% agree)
9.The gap between Social Security funds and expenditures will become unsustainably large within the next fifty years if current policies remain unchanged. (85% agree)
10.Cash payments increase the welfare of recipients to a greater degree than do transfers-in-kind of equal cash value. (84% agree)
11.A large federal budget deficit has an adverse effect on the economy. (83% agree)
12.A minimum wage increases unemployment among young and unskilled workers. (79% agree)
13.The government should restructure the welfare system along the lines of a “negative income tax.” (79% agree)
14.Effluent taxes and marketable pollution permits represent a better approach to pollution control than imposition of pollution ceilings. (78% agree

Obviously, there will not only be disagreement about these 14 points, but even outright rejection of some points as governmental overreach such as, for example, point 14 which has the smallest percentage of agreement.

So, theoretically, if it were possible to achieve political agreement (since all 14 points involve government control of some kind) to institute them all as policy and acted upon as such . . . maybe the trend could be reversed?

Big IF.