Re:Bed Bath and Beyond Files for Bankruptcy
by bun_at_work on Tuesday April 25, 2023 @03:23PM
(#35705366)
The market kinda does have infinite growth baked in. To oversimplify more than a bit: The petrodollar system kind of ensures we export dollars to all countries who need to buy energy on the global market (not all, but a lot). That means the monetary supply has to go up or energy prices will skyrocket. So dollars are printed and the fed + treasury target a growth rate of 2%. Obv things are messed up right now, but that is how the system is designed. Infinite growth at 2% inflation per year.
E: To be clear I'm not claiming this is sustainable, only how the system is designed.
E: To be clear I'm not claiming this is sustainable, only how the system is designed.