In a statement, Indermit Gill, Worldank’s chief economist, declares, "Without a major course correction, the 2020s will go down as a decade of wasted opportunity." As we brace for per-capita investment growth in developing economies averaging a mere 3.7% over 2023-2024—half the average of the past two decades—we find ourselves at a pivotal juncture. The pressing question emerges: How can nations rally to bolster investments and fortify fiscal policies as it shows that decades of keynesian policy destruction lead to nothing more than debt spirals and shrinking productivity growth. We should understand rising global unrest and wars as symptoms of the same disease.
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0 sats \ 0 replies \ @xz 14 Jan 2024
That's a lovely title.
Bolstering Investment
Let the housing markets deflate so that productive capital can reinvest in something actually productive, or divest so and non-distorted valuations exist.
Fortifying fiscal policies
Stop slashing interest rates. Stop printing money. Stop getting involved in military programs. Stop invading nations. Stop liberating nations.
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