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• Michael Wahlmüller grew up in Linz/Top Austria inside the 1980 and you may lifestyle and you may work within the Vienna and you may Linz.
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Economic growth exploded since the velocity of cash increased well over one to. 2009 up to ​​2Q2020 try the fresh peak away from trickle-off economics, taken care of with central bank currency printing and you may euphemistically entitled quantitative easing (QE). As you can tell, the brand new cost savings (nominal GDP) expanded slow compared to personal debt buildup during the federal peak. Said one other way, rich anyone spent their bodies windfalls to your assets.

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