This original and panoramic book proposes that the underlying forces of demography and globalisation will shortly reverse three multi-decade global trends - it will raise inflation and interest rates, but lead to a pullback in inequality. "Whatever the future holds", the authors argue, "it will be nothing like the past". Deflationary headwinds over the last three decades have been primarily due to an enormous surge in the worlds available labour supply, owing to very favourable demographic trends and the entry of China and Eastern Europe into the worlds trading system. This book demonstrates how these demographic trends are on the point of reversing sharply, coinciding with a retreat from globalisation. The result? Ageing can be expected to raise inflation and interest rates, bringing a slew of problems for an over-indebted world economy, but is also anticipated to increase the share of labour, so that inequality falls. Covering many social and political factors, as well as those that are more purely macroeconomic, the authors address topics including ageing, dementia, inequality, populism, retirement and debt finance, among others. This book will be of interest and understandable to anyone with an interest on where the worlds economy is going.

"A bold case for massive population growth in the name of national greatness--from Vox co-founder and host of "The Weeds" podcast Matt Yglesias. America is in decline. Fewer children are born each year due to financial pressure. Thousands flee our iconic cities with their housing shortages and broken infrastructure. While we tie ourselves into knots trying to stop the flow of immigrants, our exhausted economy deflates the heartland's already shrinking population. To survive China's impending global takeover (not to mention Russia), we can't afford to be weak. We need to get bigger, much bigger. We need one billion Americans. In this timely and provocative book, Matthew Yglesias makes the case for massive population growth through humane family and immigration policy. Of course, more people requires more housing, not to mention better transportation, improved education, a revitalized welfare system, and climate change mitigation. Why not do it all, and stay on top forever? Written with Yglesias's signature humor and analytic rigor, One Billion Americans challenges readers across the political spectrum to take decline seriously. Drawing on economic theory and research from leading policy experts, he offers ideas from around the globe--from Singapore's approach to traffic jams to Canada's town planning--that move us beyond left-right divides, to explore the practical and creative solutions our times call for"--