When the schuldenbremse is taken away, we'll really see how little a recession matters. For a while. Maybe a long while. Maybe spending 1.5 trillion euros per year on the energy transition will keep the wheels on Europe for a little while. As long as we don't talk about the debt.
Discussion
Debt is irrelevant, so long as monetary velocity is low. Which it will be, in an aging population.
We are entering the Japan stage, I suppose.
Meh, that sounds like peter Schiff or some doom sayer. I've spent too long and am too old to wait for whatever is supposed to happen. Whatever is happening is happening and I'll stack sats in all scenarios.
Bitcoin can rise in purchasing power, over a longer time-span, even if fiat disinflates or deflates over the same time span because it has it's own independent mechanism for creating scarcity.
That is sort of the point of it.