I'm sorry but most of your comment has nothing to do to what I said, and seems like random rambling. Except:

> 3.2% is absolutely peanuts to what it was some 3-4 decades ago.

But 3-4 decades ago governments, all institutions and economy as as whole were not so much in debt. https://fred.stlouisfed.org/series/GFDEGDQ188S . And this chart doesn't include all the "unfunded liabilities".

You can hike rates to curb the inflation only if it doesn't bankrupt everything and everyone.

And 3-4 decades ago boomers globally were ahead of most productive years of their lives, without the "baggage" of tons of kids and globalization had plenty of room ahead to increase productivity.

I don't want to waste time talking about nonsense like AI and "space exploration". The financial system is screwed. That's all I'm saying.