Ok, fine, I hadn’t considered that and it’s a factor. None of the demographically declining countries like Italy, Japan, Portugal is doing great in terms of growth…but they don’t have deflation either. You also have the productivity growth factor into account with automation (meaning each citizen produces more but also uses more resources)
Ok, fine, I hadn’t considered that and it’s a factor. None of the demographically declining countries like Italy, Japan, Portugal is doing great in terms of growth…but they don’t have deflation either. You also have the productivity growth factor into account with automation (meaning each citizen produces more but also uses more resources)