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What the author doesn't mention is that continual 3% or 2% growth represents exponential, not linear, growth of an economy. It can't continue indefinitely. If
by drblast 16y ago
What the author doesn't mention is that continual 3% or 2% growth represents exponential, not linear, growth of an economy. It can't continue indefinitely.
If my economy is growing, this year's 2% growth requires substantially more innovation and resources than last year's 2% growth, simply because it's a larger pie.
- SapphireSun 16y agoLuckily we also have exponentially more individuals to help out.