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Supply-side economy has died

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Since the Reagan era, the US economy has used the supply-driven approach to economic development. The economy was pumped by the (personal and government) debt growth with gradually decreasing borrowing rates to speed up.  The borrowing rate has been approaching zero in the 21st century and the increasing debt was spent to generate new services and goods. This model is working only for spherical cows in an absolute vacuum and unlimited energy influx. The limit to this influx has been extended by the expanding neo-colonial-type inequivalent exchange of resources for the image of money. Currently, this type of relationship has died independently on the winner in the fight between Russia and China against the US. Even OPEC+ understands that the relationship with the US is broken by the green transition. As a result, the supply chain suffers from problems in energy supply worldwide. The supply-side economy is over and the production of not-needed services and goods is over. The qualified customer will be a relict animal soon with rudimentary qualities not demanded in real life.    


Source: http://mechonomic.blogspot.com/2022/10/supply-side-economy-has-died.html



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