I think we’re closer to a pre-French Revolution style economy. More people buying things they can’t afford with credit. The more credit they get the more they buy and they will never be free from their debts.
” The more credit they get the more they buy and they will never be free from their debts.”
....my wife taught college with fellow professors who were still paying on their student loans....and these were people in their late 30s who were still renting because they couldn’t afford a house.