“Europe’s plan was to have growth fix the problem. America’s plan was to have growth fix the problem. And that’s not going to work,” said Kenneth Rogoff, an economics professor at Harvard. “I think it’s really starting to sink in that we’re not anywhere near an endgame.”
… I would have laughed at you. I would have said that while there were possible futures in which each of those things happened, they were disjoint futures.
One way to solve that conundrum is to think about what expected real rate of return fits into both facts.