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If you adjust GDP for population growth Japan is actually doing quite well. The fact that it has a growing economy and a shrinking population shows that produc
by lhopki01 10y ago
If you adjust GDP for population growth Japan is actually doing quite well. The fact that it has a growing economy and a shrinking population shows that productivity is going up. Countries like the US have historically had high population growth which is reflected in higher GDP growth.
- api 10y agoNo issue there. The problem is that this completely breaks all modern finance, which is built on the assumption of permanent macroeconomic growth to deliver returns and permanent inflation to continuously re-price debt.