/biz/ - Business & Finance

>>58366942
Yes, we are consuming more recourses than we produce, thus we are living beyond our means. That's what credit is, its synthetic energy. That why we got rid of the gold standard, because there's not enough gold at this scale to keep growing.
That's the difference between Jimmy Carter and Ronald Ragan. Carter wanted people to accept less. He go on TV like Mr. Rogers and tell people to wear a sweater if its cold. Raegan said fuck that shit, just deregulate everything and pump the system full of credit. Americans went for the credit card over the White House solar panels.
Just know that the world is a meta system of energy flows, and capitalism is powerful because it and create synthetic energy called credit by barrowing from the future. How ever when ever the bill comes due, you can reup con debt. But ever time you do the cost is more and payments must be made more frequently(due to the risk).
After 08 we just left interest rates at 0, the FED acts like that's a bug, but it was the defining feature of post-08/preCOVID economics. In 2018 when Yellen tried to rise the rate the market shit its self, so so had to lower them again. Now Powell has an after COIVD to keep rates up. There will NEVER be a FED pivot. In fact the rate will probably go up more in the long run.
The final bill has come due. Credit car maxed. The future of politics in not the culture war, after '24 you will see a shift in to class conflict . Its a matter of which party gets the unions and which one becomes the business party.