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by raducu 2384 days ago
There won't be any catching up by the real economy, just as the 2008 QE proved, because people are willing to enslave themselves in debt with college debt, mortgage payments or huge rent while having less sex than ever, not starting families, not having children, paying for exorbitant private school fees, buying overpriced status items that they pay with more debt, willing to eat crap food.

Real economy is downsizing so there is no pressure from inflation and people are willingly enslaving themselves in debt.

1 comments

Willing? People are doing what they need to do to survive. In this economy survival requires massive debt, capital, luck, or a niche and in demand skill that few have. The opportunities today cost more and reward less than those of decades ago.

People in general seem to have forgotten that we can protest en masse to force changes. I'll skip work and walk on Congress in protest with millions of Americans at my side but if I do this alone I'll just get arrested. I'll take the risk of incarceration, job loss, etc if millions of others are with me.

We can protest for single payer healthcare/universal Medicare, student loan forgiveness. We can force these changes. It takes effort. Until a leader emerges to direct the suffering of the masses into boots on the grounds chaos our society will continueto decay.

There are plenty of examples of people who moved to the bay area in a futile and vain attempt to "escape bigotry" while scraping by because of it. Sometimes it goes as far as living at a house where rent is divided by individual pieces of furniture (not an exaggeration, I've witnessed it firsthand).
> a house where rent is divided by individual pieces of furniture

Where rent is divided by more than one bed in a single room or couches in a living room?