Economies & The Illusion of Sustainability (#63)

For obvious reasons, all governments want to maintain sustainable and possibly endless growth in their economies as their political fortunes are in a large measure attached directly to the economy’s well-being; and in democratic countries, to the government’s re-electability. In that mission, to seek endless economic growth, the governments have increasingly corralled their Central Banks to assist materially by injecting direct doses of stimulus into the financial veins of their economic systems. This is now the ‘new normal’, direct intervention by Central Banks to either prop-up a sagging economy, or, to try and prevent a downturn altogether. This ‘lazy man’s’ way to grow an economy has wor

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