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You'll take it? You / we have no choice. But that's not what's being discussed. The discussion is about the financial / economic system and a shrinking / deflat
by chiefalchemist 2y ago
You'll take it? You / we have no choice. But that's not what's being discussed. The discussion is about the financial / economic system and a shrinking / deflationary run.
It would be a disaster. How could it be otherwise? If the system's fuel is up, not down.
Another way to look at it is this: we've gotten all kinds of technology. We've seen efficiency and productivity improve. And yet, prices keep increasing. Efficiency and productivity should mean dropping prices, at best break even. And yet no? There's a reason for that.
That is, assets losing value will lead to the house of cards collapsing. Groupthink to the contrary is just head in the sand naivete.