ninjadude, on 18 February 2013 - 10:43 PM, said:
generallly we call those recessions or in extreme cases depression. NOT economic collapse as defined by RP. But believe what you will.
Whose definition of "economic collapse" do you use? I was using the term "collapse" colloquially to mean a period of "negative growth".
The tech bubble collapsed in 2000, the housing market collapsed in 2008. Both of these resulted in recession which is just fine. We have a recession every four years in this country and we always have. What's so special about this generation that they think they're entitled to mortgage our future to pad the numbers they produce? This is immoral, ninjadude. This is a game of diminishing returns and dumping debt onto our young people and it's not right.