The Great Demographic Reversal Ageing Societies, Waning Inequality, and an Inflation Revival - https://link.springer.com/book/10.1007/978-3-030-42657-6 | https://doi.org/10.1007/978-3-030-42657-6
Demography versus Debt - https://www.bis.org/events/conf160624/goodhart_presentation....
That's good. There was one point that I missed.
> Rise in debt ratios offset by falling interest rates, so debt service ratios mostly stable, or even declining
Problem is, quantitative easing as the instrument is misunderstood by politicians. It creates/accelerates further debt burden on future generations. And, that just accelerated this debt trap for many nations.
The Demography dividend is already eroding fast. Natural Resources are already limited. So, Innovation is the only way out for nations. AI is a driver for that.
May be, we will see new world order in this lifetime only.