<i>LACK OF DEMAND...wages stagnate.</i><p>You seem to be wildly misunderstanding Keynesian economics - the entire purpose of stimulating demand is to create inflation and lower real wages.<p>Further, all your premises are definitively false in the US. Debt levels are falling, and aggregate demand (i.e. NGDP) has been steadily rising.<p><a href="https:&#x2F;&#x2F;research.stlouisfed.org&#x2F;fred2&#x2F;series&#x2F;GDP" rel="nofollow">https:&#x2F;&#x2F;research.stlouisfed.org&#x2F;fred2&#x2F;series&#x2F;GDP</a><p><a href="http:&#x2F;&#x2F;www.businessinsider.com&#x2F;deutsche-bank-lavorgna-americas-debt-to-gdp-pre-crisis-2012-6" rel="nofollow">http:&#x2F;&#x2F;www.businessinsider.com&#x2F;deutsche-bank-lavorgna-americ...</a><p><a href="https:&#x2F;&#x2F;research.stlouisfed.org&#x2F;fred2&#x2F;series&#x2F;HDTGPDUSQ163N" rel="nofollow">https:&#x2F;&#x2F;research.stlouisfed.org&#x2F;fred2&#x2F;series&#x2F;HDTGPDUSQ163N</a><p><a href="https:&#x2F;&#x2F;research.stlouisfed.org&#x2F;fred2&#x2F;series&#x2F;TOTDTEUSQ163N" rel="nofollow">https:&#x2F;&#x2F;research.stlouisfed.org&#x2F;fred2&#x2F;series&#x2F;TOTDTEUSQ163N</a><p>Globally GDP also is rising: <a href="https:&#x2F;&#x2F;www.google.com&#x2F;publicdata&#x2F;explore?ds=d5bncppjof8f9_&amp;ctype=l&amp;strail=false&amp;bcs=d&amp;nselm=h&amp;met_y=ny_gdp_pcap_cd&amp;scale_y=lin&amp;ind_y=false&amp;rdim=region&amp;idim=country:GBR:RUS:FRA:CHN:IND:NGA:ZAF:DEU&amp;ifdim=region&amp;hl=en&amp;dl=en&amp;ind=false" rel="nofollow">https:&#x2F;&#x2F;www.google.com&#x2F;publicdata&#x2F;explore?ds=d5bncppjof8f9_&amp;...</a><p><i>This is what you get if productivity rises sky high over decades and at the same time wages stagnate.</i><p>Employee compensation has been rising, it&#x27;s just shifted from taxable wages to untaxed benefits.<p><a href="https:&#x2F;&#x2F;research.stlouisfed.org&#x2F;fred2&#x2F;series&#x2F;ECIALLCIV" rel="nofollow">https:&#x2F;&#x2F;research.stlouisfed.org&#x2F;fred2&#x2F;series&#x2F;ECIALLCIV</a><p>Why don&#x27;t you do even a tiny bit of research before posting? Literally every word of your post is false.