We are in a period of stagflation, after unprecedented growth from the early 2000 until the bubble burst in 2008.
In my mind we should have bitten the bullet then, allowed thing back to equilibrium so to speak, yes a lot of hardship but at the end more efficiency and better business practises, the first law of economics is that every boom there is a bust and the bigger the boom, bigger the bust. In Australia we indebted ourselves generationally with none productive stimulus and now we are stimulating the economy with immigration from 3rd world countries that are reducing our labor costs through family run companies that work for a pittance with an eye to the future.
