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> Growth is natural, given that there are more people born, more money is printed and the economy expands to add jobs to meet those needs. Yes and no. Does tha
by chiefalchemist 5y ago
> Growth is natural, given that there are more people born, more money is printed and the economy expands to add jobs to meet those needs.
Yes and no. Does that mean houses have to get bigger? Cars more "luxurious" and complicated (read: expensive)? Or higher education - for the same degree - also disproportionately more expensive?
Or are all these "givens" simply bad assumptions that have been nomalized?
- peytoncasper 5y agoHouses/Condos are actually getting smaller in most cities to accommodate newer entrants and add density. Yet prices keep rising. Honda and Toyota built an absolutely massive market building low cost, reliable cars that have sold by the millions. Low end cars get more complex, because we find ways to make them safer which requires more technology. You won't find an argument from me on education. I'm a firm believer in public education and that education is a cornerstone to providing economic mobility in any society. I wish our public universities were the crown jewels of the country and provided a low cost tuition to any student. My only push back on the first two, is that it's not just growth in terms of the absolute size or quantity. It's just growth in terms of the monetary system which results in "growth" of the asset price.