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The End of the Golden Age | Auckland News
Economist Charles Goodhart warns the next 30-40 years will be brutally tough, as the golden age of Western prosperity from 1950 to 2020—powered by globalization, low interest rates, and inflation targeting—is fading. He argues today’s young workers face crushing headwinds: AI disruption, soaring housing costs, job market instability, and an aging population that shifts tax burdens onto them. Central banks are struggling under rising debt, climate spending, and defense needs, while political polarization grows as traditional centers collapse. Goodhart insists we must confront reality: past…
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