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Everyone being richer is a way that is good. Imagine everyone woke up tomorrow 50% more productive. Think through the bundle of goods people tend to buy, which
by danielmarkbruce 3y ago
Everyone being richer is a way that is good. Imagine everyone woke up tomorrow 50% more productive. Think through the bundle of goods people tend to buy, which ones are quite elastic over a reasonable amount of time (and those that are quite inelastic), and you'll come to the conclusion it's better, overall.