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MacroVoices #435 Daniel Lacalle: Navigating Monetary Debasement
Macro Voices
Debt-driven stimulus plans impact on the middle class
Insufficient debt-driven stimulus plans lead to a rise in government intervention in the economy, causing citizens to witness a deterioration in their wealth compared to previous generations. The aftermath of crises used to result in faster recovery, higher wage growth, and improved living standards in the past, enabling previous generations to quickly ascend to a thriving middle class. However, excessive money printing currently harms the middle class by eroding wages and savings to expand government size.
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