#277: At the limits of monetary possibility

surplusenergyeconomics.wordpress.com

#277: At the limits of monetary possibility

surplusenergyeconomics.wordpress.com

eleitl@lemmy.mlM to

Collapse@lemmy.mlEnglish · 1 year ago

HOW DOES THIS END? On two occasions in modern times, central banks have found themselves obligated to pour huge amounts of newly-created money into the system. The first instance was the global fin…

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TokenBoomer@lemmy.world
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1 year ago

This, unfortunately, is going to have to be learned the hard way.

Outlook not so good

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Collapse, in this context, refers to the significant loss of an established level or complexity towards a much simpler state. It can occur differently within many areas, orderly or chaotically, and be willing or unwilling. It does not necessarily imply human extinction or a singular, global event. Although, the longer the duration, the more it resembles a ‘decline’ instead of collapse.

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