The Hidden Cost of Big Government: Why Debt Is Soaring While Your Paycheck Shrinks

Not long ago, the political and economic elite—along with their media enablers—were celebrating what they called “The Triumph of Big Government.” Governments across the West, from the U.S. to Europe to Japan, went on spending binges under the belief that they could print and borrow unlimited amounts of money without consequence. Fast forward a few years: the party’s over, the bill has arrived, and it’s massive. Now even The Economist—one of the original cheerleaders—is warning of a looming “debt emergency.” So what happened? Governments Abandoned Restraint — and Logic After COVID, Western governments embraced a toxic economic theory known as Modern Monetary Theory (MMT), which basically claims that countries with their own currencies can never run out of money because…