Shrinking Consumers
Somebody is always pontificating about economic growth.</br></br>Sometimes they'll observe economic growth is slowing. Sometimes they'll be forced to concede that economic growth is anemic. In rare periods, after recessions have been officially recorded, they'll admit that, yes, economic growth did turn negative, but it was only for a short while, and now we're back to positive economic growth.</br></br>Nobody ever says economic shrinkage. America must always deliver economic growth.</br></br>We have a Federal Reserve that is supposed to perpetuate this growth bias, propping up banks, private corporations and even the stock market with ever-lower interest rates. We have leaders in Washington who rack up trillions of dollars in debt each year, trying to accomplish the same thing.</br></br>Economic shrinkage remains the unspoken fact of life anyway. If you put tepid economic growth on one side of the ledger and trillions of dollars of debt on the other, what else can you expect?