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>If you haven't noticed, advanced economies are experiencing secularly stagnating growth

Is growth really what we should care about though? Would you prefer to live in a poor society that's growing rapidly, or a rich society that's stagnating? In terms of your quality of life (medical, food, housing, education, etc.) you're going to have a better time in the stagnant-but-rich society.

The American economy is actually doing super well right now btw: https://www.noahpinion.blog/p/great-news-about-american-weal...



I’d much rather be in a poor but growing economy than a rich stagnating one. I’m very sure about that.


Why?


Opportunity and poor, growing countries turn into rich countries within a human lifespan and then don't usually stagnate for another generation or two.


All of today's rich countries had massive growth spurts behind them to get them there. Most of that growth isn't that long ago in time.




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