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Technological revolutions create economic growth, as understood by Schumpeter. Governments do not create economic growth. Debt does not create economic growth.
by sbardle 10y ago
Technological revolutions create economic growth, as understood by Schumpeter.
Governments do not create economic growth. Debt does not create economic growth.
We are at the early stages of probably the largest technological revolution in human history...meaningful economic growth will follow, although there could be another financial crisis in the meantime.