Loss of manufacturing base
We manufacture more than ever.
Perhaps in dollar amount but manufacturing as a percentage of GDP has been declining year over year.
Failed educational system
Okay, but not economic.
A well educated population inovates and retains/produces jobs. A poorly educated population does not.
Debased fiat currency and corresponding inflation
Debased compared to what? And what is the inflation rate?
How about the Canadian Dollar, Japanese Yen, Swiss Franc, the Euro, and Gold to name a few the past 5 years. Today's PPI numbers show inflation for producers was up 1.9% last month... 6.9% since last year.
Increasing resource scarcity
Like what?
Copper, oil, and natural gas.
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One more economic fundamental that does not look good:
Record levels of outstanding debt.
So, what is the ideal % of GDP? What harm is caused by manufacturing growing more slowly than services?
How about the Canadian Dollar, Japanese Yen, Swiss Franc, the Euro, and Gold to name a few the past 5 years.
You have any sources? And if true, what damage has it caused?
Record levels of outstanding debt.
Be more specific. Actual numbers would be nice. Thanks.