I differ the only thing growing the economy right now is free money and when its gone so will be what little growth we have seen.
Lots of countries have free money from central banks. Japan. Europe.
The difference in the U.S. isn’t the free money, Tokyo and Berlin already have that.
Nope. The difference is oilfield fracking. Web 3.0. 3D printing. Electric cars. Hyper-farming. DNA programming in medicine. Entertainment streaming like Netflix and HBO Go. Cloud computing. Big Data. Crowdsourcing.
In other words, the difference is our private sector. That’s why the U.S. has sustainable growth.
It ain’t about the free money. Others have that and have still lost decades.
Are you sure about this?
I got a car loan for 72 months at 0.9%. Free money. That cannot last. I was going to put money down but why if the money is free? The down payments sits in an investment account. My payment is $380/mo on $26,000. The first year I paid about $120 in interest. I am on the second year now.