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In September, 2019, I put out an article titled "The Monetary Death Spiral" attempting to explain why interest rates, inflation, productivity, and economic growth have been sliding downward over the past 35 years.
To understand the theory, one must first understand the two competing theories of what causes economic growth. The standard theory, to which most economists adhere in one form or another, emphasizes the demand side of the economy. Since consumer spending makes up ~70% of GDP, economic growth can be generated by policies that boost aggregate demand.