Hmm… so companies can borrow money to produce things that there isn’t demand for? Or so consumers can borrow money that they can’t afford to pay back because wages have gone down? Either way doesn’t sound good.
The more I think about and discuss it, the more I begin to wonder whether economic theory might be a cause or an effect of insanity.
I’ve read this now. Took a while, in-between other stuff.
But wow, I did not know. From the other side of the pond you simply do not know. Brave journalist, great, although terrifying, article.