He might well say that the problem is that it is not growing fast enough and that concerns about the federal debt or climate change are morally indefensible. (A

He might well say that the problem is that it is not growing fast enough and that concerns about the federal debt or climate change are morally indefensible. (An example of this: the coronavirus crisis has exposed the scleroticism and poverty of the present, and the extent to which the 'unseen' has been sacrificed by regulators and how other less important issues have distracted from important things like pandemic prevention.) If you take Ramsey's ideas about intertemporal consumption and the bliss point seriously and you try to do an empirical calculation, it generally implies that the utilitarian thing is to have savings/investment rates anywhere up to 98% (!!!) vs the current savings rate of ~0%: https://plato.stanford.edu/entries/ramsey-economics/#NumeEstiOptiRateSavi https://plato.stanford.edu/entries/ramsey-economics/#NumeEst... See also 'turnpike theory' which builds on Ramsey and also finds that generally, the optimal thing is to grow as fast as possible to hit the limits as quickly as possible and only then start consuming: https://en.wikipedia.org/wiki/Turnpike_theory https://en.wikipedia.org/wiki/Turnpike_theory