Not fact but total bull crap. The black plague wiped out over HALF of Europe's population and they survived. Population trends are just that - trends.
The black plague wiped out over HALF of Europe’s population and they survived.
Our western economy did not exist back then. In fact, the western economy I’m talking about did not exist before WWII.
Today it is structured around continued growth, and continued price inflation.
Exhibit A: https://www.economicshelp.org/blog/13272/inflation/is-zero-inflation-a-good-thing/