Re:Banks, QE, and Money-Printing
by JumpCrisscross on Tuesday November 03, 2020 @09:27AM
(#24979899)
> it's hardly a scalable solution
Isn't enabling and educating the population the original scalable solution to low growth?
Re:Banks, QE, and Money-Printing
by TheOtherHobbes on Tuesday November 03, 2020 @10:01AM
(#24980194)
No. The original scalable solution to low growth is government R&D seed funding spreading out into innovation in the consumer economy.
You're not going to get much growth if all you do is educate people. You also need to give them something to do, and that requires a national investment strategy.
This is exactly the difference between the insanely productive post-war economy, which developed and then commoditised electronics and computing, and the modern lazy bullshit job economy which is built on financialised gambling-at-scale and ad tech rather than game-changing creative invention.
Don't me wrong, studying in-demand tech skills is great, but it's hardly a scalable solution.