35 ms·
> Ultimately, if consumers don't have money, the economy will start to collapse. The upper echelons can feed on each other for a while, but you need an economic
by red-iron-pine 3y ago
> Ultimately, if consumers don't have money, the economy will start to collapse. The upper echelons can feed on each other for a while, but you need an economic base to support the whole edifice.
They will take on debt in lieu of money. And all signs point to lots of that happening, since spending is still high.