The The Devolution Of The Consumer Economy…Rising Costs, Declining Wages

| April 8, 2011

It’s here and now folks, the widening gap between declining incomes and higher costs has been filled with borrowed money. Now that borrowing has reached its limit,  the consumer economy is devolving.  Here is what it means. The cost structure of the entire U.S. economy has bloated to unsustainable levels. Here’s the basic mechanism: when money […]

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