Also Triffin dilemma/paradox might come into play which is the conflict between a nation's need to maintain the stability of its currency by limiting the money supply, and its desire to increase the supply of the same currency to serve as a global reserve currency.
Australia is suffering from 'Dutch Disease'. See also The Collapse of Complex Societies.....Joseph A. Tainter. From a technical complexity perspective.
Todd's arguments are recognisable in many respects. what seemed to have started in Paris in 1968 spilled over that year to other parts of Europe - similar protests: anti-establishment, more personal freedom of choice and expression, coupled with a lot of anger because of the My Lai massacre, the USSR's violent suppression of the Prague Spring, the dramatic deaths of JFK and Martin Luther King (what's in a name!). indeed, how to maintain one's moral integrity and personal responsibility in such violent times.
Also Triffin dilemma/paradox might come into play which is the conflict between a nation's need to maintain the stability of its currency by limiting the money supply, and its desire to increase the supply of the same currency to serve as a global reserve currency.
such a desire is perhaps logical for bankers, but for ordinary citizens not so much, I guess...
Australia is suffering from 'Dutch Disease'. See also The Collapse of Complex Societies.....Joseph A. Tainter. From a technical complexity perspective.
Todd's arguments are recognisable in many respects. what seemed to have started in Paris in 1968 spilled over that year to other parts of Europe - similar protests: anti-establishment, more personal freedom of choice and expression, coupled with a lot of anger because of the My Lai massacre, the USSR's violent suppression of the Prague Spring, the dramatic deaths of JFK and Martin Luther King (what's in a name!). indeed, how to maintain one's moral integrity and personal responsibility in such violent times.