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That's not where per capita growth comes from...
by scld 6y ago
That's not where per capita growth comes from...
- brenden2 6y agoMost per-capita growth is just inflation. Additionally, metrics like CPI don't include inflation of assets like real estate, even though the utility of a home doesn't change over time without some kind of upgrades. Real estate in particular is inflated largely because of the ease of acquiring leverage.