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How does an economy with no inflation/deflation function?
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John Burns
Posted 12/28/2013 17:52 (#3553441 - in reply to #3552373)
Subject: the chart that says it all



Pittsburg, Kansas

This is where our out-performance "growth" came from. Is this the way we want growth?

2381.png

Source St Louis Fed

And for growth to continue, and for the outstanding debt to be serviced, that red line has to continue on its current trajectory. If it does not things come unglued. If it does, things still come unglued but just at a little later date.

John



Edited by John Burns 12/28/2013 17:54
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