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You realize that 10% growth for 100 years would mean our economy is 13,780x bigger than it is now, right? Of course most people are arguing that growth (minus
by onlyrealcuzzo 5y ago
You realize that 10% growth for 100 years would mean our economy is 13,780x bigger than it is now, right?
Of course most people are arguing that growth (minus population growth) is close to zero already. Hardly anyone is saying 10%.
And of course you probably aren't going to live 100 years more, even with new health advances.
But still.
This is something unlikely to matter much for 10 years, but completely ignoring it over a 30-50 year horizon seems misguided.
- ganzuul 5y agoThe motivation of the economic agents determine this. Plenty of room at the bottom.