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In a “spherical cow in a vacuum“ simplified world if there was massive population growth but a fixed supply of land then real returns to land would be positive
by ls612 8y ago
In a “spherical cow in a vacuum“ simplified world if there was massive population growth but a fixed supply of land then real returns to land would be positive during that period. This ignores several nuances of the real world but given that the world population went up by nearly an order of magnitude in the past 150 years its still a huge effect nonetheless.