MacroVoices #435 Daniel Lacalle: Navigating Monetary Debasement
Macro Voices
The Deception of Economic Growth
The destruction of the purchasing power of currency leads to government debt bubbles bursting, resulting in stagnation in economies like Japan and the Eurozone. Despite a dynamic economy, the United States is not growing as it should due to debt, government spending, and deficits. This has led to negative real wage growth, despite media reports of a booming economy.
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