4 ms·
Virtually the entire economy is predicated on cheap money. Upending that norm means major changes in lifestyle for most of the population. I don't just mean doi
by mrangle 3y ago
Virtually the entire economy is predicated on cheap money. Upending that norm means major changes in lifestyle for most of the population. I don't just mean doing more with less. I mean that a good portion of white collar workers will be diverted into blue collar work if they are lucky: a lot of it characterized by menial pay and bad working conditions.