Quote:
Originally Posted by NoRush993/951
“The greatest shortcoming of the human race is our inability to understand the exponential function.”
Albert A. Bartlett
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You have grasped the idea...Long ago I said that the continued growth of the Global Economy Of Scale has out striped the ability of the consumer to consume. It has BKed the American consumer upon which the world depends upon to continue consuming. With that the Global economy has been in a deceleration or deflationary mode since 2008.
With that the economy should deflate to achieve an equilibrium once again. However that would entail a marked decline in an amenity rich modern lifestyle. Which is at odds with the American perceptional mindset of being a "Rich Nation" as BO was want to proclaim. So we borrow to maintain that lifestyle and print to facilitate the borrowing. Right into the poor house.