The problem with the USSR was that without a market system the command economy relied on the notion of “work hard or you will be shot.” Once Gorbachev removed the heavy handed restrictions workers stopped showing up and the economy collapsed.
At some point the cash flow will stop here also.
We can see it coming. I am going to use the word no but it’s mostly reduced. No cars, no electronics, no container ships unloaded, no trucks going to/ from Canada, no store re-supply, no Christmas retail surge, no workers, …
Sky high asset prices, wages going up, prices goin up faster …
I make more but everything costs more but yet it’s not in stock. Eventually GDP will start falling. I am not sayin just 0.01% either. When that happens debt to GDP will start looking real bad. It already looks like LA but it will look like LA after a major earthquake with leadership that is so incompetent…