Re:This Can’t Go On
by imtringued on Wednesday August 04, 2021 @12:13PM
(#28062743)
Well, if we are going to talk about nominal growth, I'll throw this in.
Our money system does need endless growth just to function properly but it only needs endless nominal growth. If inflation is high enough then real interest rates are negative. No need for real growth.
Our money system does need endless growth just to function properly but it only needs endless nominal growth. If inflation is high enough then real interest rates are negative. No need for real growth.