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Growth is just another word for efficiency and innovation. We are far from having optimized away all possible production processes on this planet.
by iwwr 15y ago
Growth is just another word for efficiency and innovation. We are far from having optimized away all possible production processes on this planet.
- smokeyj 15y agoSo when the money supply doubles are we're twice as efficient and innovative?
- iwwr 15y agoNon sequitur
- gsmaverick 15y agoThe growth being referred to here is measured in a real sense (inflation-adjusted) rather than nominally.