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Is Decadencyclical? Or Just Keeps on Getting Worse?
The us feels more like a series of independent city states on our margins. Is decadencyclical? Or it just keeps on getting worse and worse? I think that it can be cyclical. There does seem to be a kind of low fertility trap that countries get into, where you have small families, growth and vigor slow down. And in that landscape, there's less support for having children, and so fertility rates stay low,. That drives economic growth rates lower. You and that sort of those things feed on another.