You are viewing a single comment's thread from:

RE: Bounty: How may we crash?

in #economy6 years ago (edited)

Debt is a problem, but it's hugely overrated. Everybody is talking about the debt problem, so I'd like to take more contrarian position. Here are 180 years of economic growth (log scale): 180_years.jpg

I believe that investing in a good index fund is still the best solution.

Sort:  

Growth in my mind does not have to do much with debt as the growth of debt and the economy are not correlated, as my chart outlines.

So i agree there will always be growth and betting on that is a great idea and i think that is something that is somewhat of a law of this world.

However I think debt is an artificial problem created by our monetary system that needs to be resolved somehow.