Thread by @EaldWeald

Current economic situation:

Policies of central bankers and govts. are inflationary (in intention), while demographic trends are deflationary

We seem to be getting the worst of both of these worlds now, both depression and also rapidly rising prices - similar to 1970s

But in our time we cannot expect that inflation - or any other salient fact - will be publicly acknowledged as a problem (officially it's still low), as it was then

I have a strong feeling that the deflationary trends, being YUGE macro trends will eventually win out

The increase of money supply via QE and the induced scarcity of supply chain disruptions and lack of domestic productive capacities led to the most striking inflationary trend that I can recall seeing, and since those conditions aren't going away, this trend seems persistent

Demographic trends do continue to favor deflation strongly, the West's labor inputs are negative without mass immigration as birth rates have cratered (as they have all over the world save in Africa), and these trends are also being accelerated in "new normal"

The next 1-2 decades looks very volatile with this Hybrid of Doom (simultaneous inflation and deflation trends). No government is really well positioned to handle such an explosive situation, even as the current policies are intentionally inflicting economic damage

A reduction of population has been discussed by the Elites since the 1970s Club of Rome work at least, but no easy means was found for that, so finally the solution of economic catastrophe was found, but I could see this situation spiraling beyond their ability to control too