I don't think that the old "war economy" works anymore. Our weapons are too drastic and too far-reaching. We could blow up Mother Earth these days. You're right that most voters vote for their comfort. I think the only way out is to expand the economy, cut red tape, and cut taxes to spur growth. We could grow our way out of this in a scant few years.
The change of currency has been tried several times. It can work and it can go terribly wrong. A shining example is Germany after WWI. And then we got Hitler.
Maybe the war economy of the last century is the covid/lockdown economy of the current period? I'm sure the people who make these decisions are smart enough to bring on such a monetary/debt reset without changing the currency overtly, like rather some sort of indirect method that involves tools such as a central bank digital currency that can be programmed to fit whatever economic agenda they need to push.
I agree with what you suggest as a way out, in addition to that an alternate way to mitigate the current inflation would be unprecedented support of oil & gas industry across the Western hemisphere to lower oil prices significantly and bring down input costs, but obviously its a dream since most of the current western governments seem to be pushing an anti-energy agenda.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today