>"And with the rise of national debt-making, want of faith in the national debt takes the place of blasphemy against the Holy Ghost, which may not be forgiven."
What did he mean by this?
not having faith in the national debt is blasphemy against the Hidden Hand
>>9076605
Just a rhetorical analogy
Blasphemy of the Holy Spirit is basically not having faith in god
>>9076919
*not having faith in god's divinity I should say
>>9076605
>faith in the national debt
What faith?
Faith that it will be paid off in the future?
-or-
Or faith that it'll never have to be paid back (won't be called in all at once)?
>>9076605
He is specifically referring to the 4th section of the 15th amendment to the US constitution, which states, in part:
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.
Marx was a shit economist, btw. People have been predicting the default of the US debt since 1913.
>>9078117
>People have been predicting the default of the US debt since 1913.
that just means Marx was way ahead of them
>>9078117
>the US constitution, which states, in part
does it say anything about the potential for government contracted table makers to break all their neighbors tables?
Like God the national debt is imaginary. *tips fedora*
Debt implies repayment but national debt will not and cannot be repaid. The government can't repay its debts and has no intention of doing so. Everyone goes along with the fiction because any loss of faith in the ability of governments to repay national debt will immediately and permanently detonate the global economy.
Tldr national debt is a fantasy, just like God, and just like god it exists to keep society functioning. It's not debt because it'll never be repaid. If the fantasy is broken the world will end.