Submitted by Charles Hugh-Smith of OfTwoMinds blog,
Take a declining population with declining rates of productivity growth and load it up with debt, and you get a triple-whammy recipe for permanent stagnation.
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
Take a declining population with declining rates of productivity growth and load it up with debt, and you get a triple-whammy recipe for permanent stagnation.