If it really is, then we should brace ourselves for less growth, more instability, and more poverty. I live in a country that has tried all these hacks the progressives are pushing so hard to adopt, and have already lived a hyperinflation, at least three massive recessions, a "terminal crisis", two defaults, 6 years of stagflation, and have seen poverty grow from less than 10% to more than 40% in my lifetime. It would be unfortunate for the world to follow this path.