RE: Failure replaced by cities and rivers of Steem
Dear @tarazkp
There has been so much said lately about upcoming economic crash. Sometimes I wonder current authorities and central banks will manage to push this event in time.
The biggest problem for every economy is "money flow" slowing down. And usually it does slows down because of lack of liquidity. Perhaps amount of money being printed and pumped into system will fix that problem. At least for another 2-3 years?
I've read a bit about QE and REPO MARKET and I'm not sure if those solutions will help or will make things only worse. Any view on that?
because economies always fail.
There has not been one that hasn't.
What about small economies? Like Switzerland? Large economies will fail sooner or later, but small ones should be able to survive much longer.
ps. very interesting point about cities. I really enjoyed that read.
Upvoted already,
Yours, Piotr
Eventually Switzerland will fail too. At the moment they still have a fair bit of resources "deposited" from about 80 years ago.