Yet here we are, still going strong.
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Just like in the Roaring Twenties, and we all know what happened in the next decade after that. The good times stopped rolling.
There wasn’t such a tax and spend craze then... in fact it was very much a private market at that time.
There were unreasonable expectations of the private market that proved to be unreasonable.
Ultimately with governments in the economic mix, this will flub too if something else does not stop it. But it will take a lot, lot longer for the other shoe to drop, unless you’re sealed into a place like Zimbabwe.