Home

Those who got out early (i.e. now) will be glad they acted promptly and those caught in the decline will regret their faith in a high-cost system that was no longer affordable or sustainable.

Eventually policy-makers turn the dials to 11 and nothing happens.
Many others have explained why inflation is part-and-parcel of the status quo. In the simplest terms, where’s why inflation is essential:

So what happens if AI destroys both profits (due to it being “free” and a freely distributed commodity) and jobs?

Now that debt is rising faster than “growth,” and “growth” is dependent on speculative credit-asset bubbles, the collapse of the Keynesian dream looms large. Unbeknownst to economists, the Keynesian bedrock of modern economics–using financial repression and government spending funded by debt to manage the business cycle of growth and recession–is an artifact of a century of expansive cheap energy and virtuous demographics.

Globalization and financialization have fueled the global economy for 40 years. Now they’re in the decline phase of the S-Curve.

Does anyone benefit from a deep, prolonged global recession?