Does anyone without an economist's education understand how vast sums of money are "created" when Western, highly-developed economies are in crisis?In 2008/09, trillions of dollars seemed to be conjured out of nothing, to rescue banks, corporations, and finance capitalists in the USA. Then, Wall St. nearly ruined our world economy, but no single person nor board of any institution implicated in the fraudulent paper assets and false values of stock market numbers, was ever punished by President Obama. He saved the system with debt money.
The impact is not negligible. This is a debt that is owed, though I am not sure who holds the role of creditor. Repaying debt is never without harsh effect on someone. Future generations seem to be burdened by what we do now.