Here Be Animal Spirits
The Jacob Shapiro Podcast
00:00
Is the World Getting Younger?
The world's not getting younger. And especially in the countries that are ar obviously consumed with the most debt, europe, china, the us, japan, the demographics r are just getting worse. So you can do those things, and you can get a temporary period of inflation, but the structural forces which will keep it lower um demographic. The second thing is debt. In the 19 seventies, global debt to g d p was about a hundred %. Now it's two over 250%. When you have that much debt, when assets go down, debt starts to become more important. Then you've got ex tal innovation which has not ended. Nand o, technology is
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