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@ FreeYoda
2025-04-29 08:48:01
The system is terminal sick.
A Fiat system needs to grow to function.
At start it is not even noticed.
New money finds profitable investments and new sensible infrastructure also helps te economy.
A little debt is manageable.
The increasing velocity of money helps too.
But the system needs to grow even when sensible investments are gone, new infrastructure not needed and costs are exploding.
The debt becomes a burden and people stop extreme spending.
The society has become a social institution, ever needing more money.
Inflation is wrecking spendable income.
Goverment knows a few tricks, more debt, more taxes.
The welfare state attracts many, but most are unwanted or shouldn't need it.
Every developed nation is close to this state.
Something has to break.