Good callout backing out the math to show the economic light cone. Inflation was low when there was a ton of surplus labor. China was deflationary as they indus

Good callout backing out the math to show the economic light cone. Inflation was low when there was a ton of surplus labor. China was deflationary as they industrialized. As the world rapidly ages, and the working age population shrinks, more fiat and wealth will be chasing a shrinking pool of labor. If growth is a function of demographics, population and consumption, and inflation is a function of labor costs, how will growth ever outpace future inflation from demographic compression? And what about the existing debt obligations someone will need to pay back? https://news.ycombinator.com/item?id=44455077 https://news.ycombinator.com/item?id=44455077 (citations)