• Hillmarsh@lemmy.ml
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    6 months ago

    I also think there will be financial crashes, and likely more than one – just as the last leveraged bubbles collapsed in 2008 and 2020. Of course, he is right that this will lead to them adopting an inflationary model to “solve” it, which will result in a worse version of the same dynamic with time. Eventually I think we will get the dreaded hyperinflation if it goes on long enough.

    The wild card is that the demographic collapse and energy descent trends will be highly deflationary no matter what government does, but that’s a longer term issue.