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I think they are talking about "economic" growth rates, which are independent of population growth rates. This actually makes me lean towards saying that the e
by neltnerb 5y ago
I think they are talking about "economic" growth rates, which are independent of population growth rates.
This actually makes me lean towards saying that the economist is right, money is arbitrary anyway so if the argument is actually that the economy can increase forever I see no reason that can't happen physically. It's not real, it can't be real in the future and it's barely real now.
- AstralStorm 5y agoNumbers going up does not mean increased productivity and there are human (and technological) limits to that, even if you make everyone into work slaves. Which would be completely immoral.
- imtringued 5y agoWell, if we are going to talk about nominal growth, I'll throw this in. Our money system does need endless growth just to function properly but it only needs endless nominal growth. If inflation is high enough then real interest rates are negative. No need for real growth.