> Growth is not a must have for an economy, as long as it is sustainable, so even if it is a problem, which is highly arguable, it’s not really a problem like you’re positing.
If the economy doesn’t grow then you can’t service your debt without ever more cuts and/or tax raises. The other option is printing money to pay the debt, which will lead to inflation. I really want to hear your argument as to why this isn’t a problem in European economies? Unfortunately the system in many ways has presumption of growth built into it. There are no free lunches.
If the economy doesn’t grow then you can’t service your debt without ever more cuts and/or tax raises. The other option is printing money to pay the debt, which will lead to inflation. I really want to hear your argument as to why this isn’t a problem in European economies? Unfortunately the system in many ways has presumption of growth built into it. There are no free lunches.