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And yet, they still require economic growth, a continuously falling GDP would wreak havoc in their pensions. Everywhere we look a growth in wealth as measured b
by Voultapher 3y ago
And yet, they still require economic growth, a continuously falling GDP would wreak havoc in their pensions. Everywhere we look a growth in wealth as measured by GDP goes hand in hand with a growth in resource usage.
- JumpCrisscross 3y ago> they still require economic growth, a continuously falling GDP would wreak havoc in their pensions I literally gave an example where this is not true. Falling GDP per capita would create problems. But falling GDP per se is fine. Their required real return is zero. It’s nice to earn more, but the math balances at zero.