I assume if you an engineer you would understand science and nature.
Some inflations are simply not natural and sustainable.
Quite simply some inflation is not driven by wages and salaries but other forces at play. The other forces can be low interest rates, money creation, inflating assets and providing collateral for more demand and growth with every rising debt.
So if we ignore the profit and loss line we are basically in some places seeing rising asset and debt levels from leveraging or financialisation. The trouble is somebody has to pay the debt eventually in some way and it cannot be kicked down the road into perpetually. For example in the Sunday program about Birch buying his 200 odd properties supposedly worth 55 million you also had a public relations millennial basically working half a year and spending the other half touring the world simply because she can but also probably because she may also think other investments like housing is unaffordable.
So a lot of the inflation is debt driven but how can that last forever unless debt does not matter, which means accountability does not matter, which means its a free for all, which means there are no asset values as its a free for all, so we could write everything off and no one owns anything which means why work and accumulate anything??? Back to neanderthal living here we come!!
