The world that we’re entering is fundamentally different than where we’ve been. The modern period we live in began with Columbus. It has been one of “more:”–near unending growth (population, capital, consumption)–all accelerated by post-Bretton Woods Order. Modern Monetary Theory is probably not the answer to address a future of shrinking populations, consumption, and growth but I am comforted by the fact that folks are looking into heterodox solutions to address an unprecedented future.
The Age of Constant Growth is over. What comes next?
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