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What makes you think the American economy would continue growing at 7% forever? And why do you believe prices wouldn't rise to meet the new common standard of
by wskinner 11y ago
What makes you think the American economy would continue growing at 7% forever?
And why do you believe prices wouldn't rise to meet the new common standard of living afforded by this grant?
- dota_fanatic 11y agoBecause humans will never stop climbing. It's built into us. Even most people in poverty want to climb, they just have little to no options, so they find ways to cope nevertheless. As for rising prices, surely they can't rise everywhere? People will be able to afford to abandon the obscenely wealthy playpens (SF, NY, Tokyo, etc) and move somewhere that's affordable. Cost of living varies depending on location, doesn't it? Surely this would result in more competition, not less?