3 ms·

If that were true then the Victorian era should not have happened.

• selectodude 4y ago
  100 percent real GDP growth over 100 years would be an absolute disaster in todays world.
  • toolz 4y ago
    and wouldn't happen in today's world because technology grows exponentially and with it, wealth.
    • eru 4y ago
      Eh, a sustained 100% growth per century is exponential..
• yywwbbn 4y ago
  If you looked at the chart in https://www.in2013dollars.com/uk/inflation/1800?endYear=1914&amount=100 https://www.in2013dollars.com/uk/inflation/1800?endYear=1914... The value of currency fluctuated much more during most of the 19th century than it did between 1990 and 2020. It’s just that the periods of inflation were followed by years of deflation. I think for most people and businesses stable and predictable inflation os generally preferable to a permanent boom and bust cycle.