A Nation of Junkies: The Empty Future of a Stimulus-Speculation Economy

by Charles Hugh-Smith Now that the US economy is totally dependent on trillions of dollars in stimulus and speculative gains reaped from the stimulus, there is no Real Economy left to pick up the pieces when the credit-stimulus-speculation bubbles all pop. When economists speak of organic growth, they’re referring to growth that arises naturally from the expansion of population, advances in productivity gained from better training and wise …

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