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Reddit Official App: Trending News and Hot Topics on theHowever, the other countries are rapidly catching up, with China leading the charge after a historic debt expansion in the wake of the 2007-2008 financial crisis.
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Historically, without exception, these debt-fueled expansions end badly.If one believes in Austrian Economics to the extent that I do, one realizes that in a debt-fueled economic expansion it takes ever greater quantities of debt to create the same amount of real economic growth as each cycle matures.
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Globally we are already past the point of no return, and the ongoing increase in money and credit is having less and less impact on the real economy.TV Stars Who Earn More Than Bollywood Actors Ad: CRITICSUNION.