"Unfortunately much of the financial system (in the US anyway) is highly dependent on population growth."
I came to this discussion ctrl-f'ing for "deflation" and while I got zero hits, your comment is close enough ...
I will abstract one level deeper and rephrase what you said as:
"Much of the financial system is highly dependent on economic growth."
There continues to be fervent discussion of the results of QE over the last 10 years and the results of various covid stimulus packages and how these things could be inflationary, etc., etc.
Some of this may come to pass - we may, indeed, find ourselves in geographic or temporal pockets of inflation - possibly very high inflation.
Make no mistake, however: the world we are living in is massively deflationary and even dramatic and innovative attempts to maintain (low) inflation are barely keeping us above water ...
I came to this discussion ctrl-f'ing for "deflation" and while I got zero hits, your comment is close enough ...
I will abstract one level deeper and rephrase what you said as:
"Much of the financial system is highly dependent on economic growth."
There continues to be fervent discussion of the results of QE over the last 10 years and the results of various covid stimulus packages and how these things could be inflationary, etc., etc.
Some of this may come to pass - we may, indeed, find ourselves in geographic or temporal pockets of inflation - possibly very high inflation.
Make no mistake, however: the world we are living in is massively deflationary and even dramatic and innovative attempts to maintain (low) inflation are barely keeping us above water ...