NS
An economist might say that peoples desires are generally unlimited while resources to meet those desires are limited. What appears to be happening is that peoples' ability to obtain and service credit to meet their unlimited desires is becoming constrained due to the need to deal with the excess credit creation of the past at a time when their net wealth is falling. Hence the demand for goods and services is also falling.
loki
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NSAn economist might say that peoples desires are generally...
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