3 ms·
Who says there has to be a meltdown? We could just have stagnation for a long time. The policies may allow for poor allocations of resources to persist, leading
by agent008t 8y ago
Who says there has to be a meltdown? We could just have stagnation for a long time. The policies may allow for poor allocations of resources to persist, leading to a stagnation in total productivity and in the median standard of living. See, e.g., USSR 1964-1987, or Japan recently.