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RE: Debt Monetization and the Age of Eeeeasy Money.

in Project HOPE5 years ago

I agree, the US continues to prosper, especially when you benchmark prosperity of the median person 100 years ago, or even 50 years ago. But the past half century has been concerning though. There has been a de-emphasis on long term capital accumulation and growth, such as innovation, infrastructure and savings/investment. This is at all levels, public and private sector; and households. Obviously there is still growth in all of those categories, but relative per capita participation has been waning for the past 50 years. And the marginal efficiency of capital (MEC) has been declining as well during this time. I really like your comment, I forgot to bring up MEC in the post. Thank you.

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Happy that you enjoy my comment. :)