Charles Hugh Smith ~ The Solution To The Declining Middle Class: Destroy Fixed Costs And Debt

OfTwoMinds May 11 2014 The solution to the erosion of the middle class lifestyle is to destroy debt and other fixed costs and eliminate self-sabotaging discretionary consumption. Last week I covered the structural dynamics causing the decline of the middle class. In general, the costs of untradable services (healthcare, higher education, government) and the rot […]