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#277: At the limits of monetary possibility
(surplusenergyeconomics.wordpress.com)
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this post was submitted on 09 May 2024
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Collapse
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This is the place for discussing the potential collapse of modern civilization and the environment.
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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I also think there will be financial crashes, and likely more than one -- just as the last leveraged bubbles collapsed in 2008 and 2020. Of course, he is right that this will lead to them adopting an inflationary model to "solve" it, which will result in a worse version of the same dynamic with time. Eventually I think we will get the dreaded hyperinflation if it goes on long enough.
The wild card is that the demographic collapse and energy descent trends will be highly deflationary no matter what government does, but that's a longer term issue.