Whoever's lived long enough in USA would laugh about end game questions. Inflation? 3.2% is absolutely peanuts to what it was some 3-4 decades ago. Unemployment? Are you kidding? Pandemics? Did you compare what it is today with what it was 2 years ago? COVID is just 4th - which is a lot, but very far from mortal danger - cause of death, and the country even inches up in life expectancy. All fundamentals are pretty much positive, and only debt/GDP is vaguely comparable to the worst numbers in US history.
Now, what about alternatives? If you don't like US numbers, can you get anyplace better on Earth? I'll wait. Meanwhile, there are forward-positive questions and topics - USA is about to jump in 2, count 'em, two very consequential areas, which are AI and space exploration, within this decade. Are you sure your better bets are against USA? Did you take the history lessons into account, or it's business as usual?
> Did you take the history lessons into account, or it's business as usual?
Did we take the same history lessons? Lots of what led to the fall of the Roman Empire has been happening in USA the past few decades. And then we have China literally opium-warring us with fentanyl and killing tens of thousands of US citizens each year. But yeah, count on the cool shiny AI and space exploration to save the US.
I'm sorry but most of your comment has nothing to do to what I said, and seems like random rambling. Except:
> 3.2% is absolutely peanuts to what it was some 3-4 decades ago.
But 3-4 decades ago governments, all institutions and economy as as whole were not so much in debt. https://fred.stlouisfed.org/series/GFDEGDQ188S . And this chart doesn't include all the "unfunded liabilities".
You can hike rates to curb the inflation only if it doesn't bankrupt everything and everyone.
And 3-4 decades ago boomers globally were ahead of most productive years of their lives, without the "baggage" of tons of kids and globalization had plenty of room ahead to increase productivity.
I don't want to waste time talking about nonsense like AI and "space exploration". The financial system is screwed. That's all I'm saying.
Exactly. YCC is already happening in Japan; it's inevitable here too. The only alternative is outright default, which never happens when the debt is denominated in currency the debtor can print.
Now, what about alternatives? If you don't like US numbers, can you get anyplace better on Earth? I'll wait. Meanwhile, there are forward-positive questions and topics - USA is about to jump in 2, count 'em, two very consequential areas, which are AI and space exploration, within this decade. Are you sure your better bets are against USA? Did you take the history lessons into account, or it's business as usual?