4 ms·
None of these are truly new - even the quarter-baked coup attempt (see FDR times.) As for outrageous debt, that began with the US itself. Which raises the poss
by Nomentatus 4y ago
None of these are truly new - even the quarter-baked coup attempt (see FDR times.) As for outrageous debt, that began with the US itself.
Which raises the possibility that we're looking at the nasty part of a regular oscillation.
However. The very low birthrate is genuinely new. Drugs/homelessness not new but astonishingly severe. Steep housing prices due to collusion (vs manufactured homes, housing laws, and more) are a large cause of both.
- rank0 4y agoI don’t understand your argument. Just because times have been bad in the past doesn’t mean that America is “going in the right direction” Did you read the article? Also the 6 rounds of QE post 2008 is absolutely %100 unprecedented in US history. We have never ever increased the money supply like this. This activity combined with an abundance of cheap credit is what’s creating bubbles in housing, equities and other assets.
- Nomentatus 4y agoSo I've said there's decline, but that might be temporary, then given reasons why it might not be temporary. Are you even sure we disagree? QE is a very recent invention. Inflation, such as during the Civil War, not at all. The money supply went full bonkers - and during the revolution itself; much worse, still. A "Continental" (the dollar of the time) came to mean "worthless."