Consumer credit (keeps coming back to fiscal)
Once there are no more private savings to borrow and - credibly - invest ... then what?
Go back to spending & distributed investment of future public currency credits not yet partially clawed back, aka, "fiat" - or public initiative?
Or, persist in borrowing accumulated demand leakages ..... and hope to generate compound growth of a currency supply, while simultaneously constraining that supply?
We've done both before, with differing results.
Decisions, decisions. ...... will the next one be rational & honest, or fanciful & deceitful?
