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???I didn’t say it was a good thing to have perpetual growth. It is just necessary in our current monetary system.
???I didn’t say it was a good thing to have perpetual growth. It is just necessary in our current monetary system.
It's better for a human beings to live in a place with a growing economy.
In what monetary system is stagnation or decline in living standards a good thing? WTF?
Growth is perhaps not sufficient for a healthy economy, but it's certainly necessary.You're well-aware that there are metrics by which it can be said that an economy is "growing" while things like wealth inequality, education, and food security are either in decline or stagnate themselves.
Growth is perhaps not sufficient for a healthy economy, but it's certainly necessary.
And the monetary system is irrelevant to that. If you have a gold standard, you don't want improvement in living standards?
I was responding to the point that growth is good because of our monetary system. That doesn't make any sense.I wasnt contending a specific monetary system.
I was responding to the point that growth is good because of our monetary system. That doesn't make any sense.
Then perhaps you should read all the letters and not just most of them.I always think these threads are about Bill Burr at first.
Then perhaps you should read all the letters and not just most of them.