> The relevance of the late 90s bubble is that a) the tight labor market did
> not, contrary to the usual boo-birds, result in any inflation worth worrying
> about, and b) it could have been duplicated to better effect with deficit
> financed public spending. (See Robert Pollin, "Contours of Descent." It
> was also accompanied by widely distributed wage gains.
>
> What's not to like?
Its contribution to impending ecological (and peak-fossil-energy-dependency-driven economic) collapse - if not directly through resource depletion (about which obviously there are numbers that could be run, although I think I've seen enough of those to know how that story ends), then at least through the falsely comforting delusion that capitalist modes of production can be viable in the longer term?