3min snip

The Great Simplification with Nate Hagens cover image

Michael Every: "The Many -Isms of the Metacrisis”

The Great Simplification with Nate Hagens

NOTE

Dealing with High Deficits and Economic Growth

High deficits can be concerning, necessitating strategies to either grow out of them, default, or inflate out of them. Growing out of deficits requires significant economic growth, which may involve a shift in economic models. Defaulting is seen as problematic as it usually impacts the wealthy the most. Inflation is a potential risk but may be used as a strategy to reflate the economy and spur growth through fiscal stimulus and seizing value chains. However, this strategy may also involve a more militaristic approach, posing challenges to sustainability and being contradictory to green practices.

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