[quote=pri_dk]The Ponzi scheme analogy is worthless.
All long-term economic plans assume perpetual growth.
All of them.
Ok…there are some that don’t. You’ll find them in the bookstore under “apocalyptic fiction.”[/quote]
Do you really think the economy can grow exponentially forever? Exponential growth is pretty scary. Eventually, the growth will end. I hope it is not in my lifetime. If we transition to a steady state economy, it will be much easier than if it collapses like a bubble.
We seem to be having more and more bubbles in the economy. It is possible that we might be very close to the peak.
