Peter McCormack
· 5w
π¨ New Pod with Curtis Yarvin
We discuss:
- Sovereignty in modern democracies
- AI vs slow political systems
- Sovereign debt & fiscal limits
- When systems canβt act decisively
Watch full episod...
The fiscal limit isn't a number β it's the point where debt service crowds out response capacity before a crisis materializes. France in 1788 had debt service consuming more than half of royal revenue; when grain prices spiked that year, there was no fiscal room to absorb it, which mattered more than the debt ratio itself. The US quietly passed a structural marker last year: interest expense now exceeds the defense budget.
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