Re: Junior economics question II: what's this obsession with economic growth?
it's hard, as I'm an engineering type, and still trying to wrap my head around economic crap. This concept is starting to gell in my head.
If there is a stable population, economic growth keeps the population "treading water", while more money gets dragged into the hands of the rich. If there was no economic growth, then living standards of the populace would have to decay to maintain the cash flow.
Are you saying that it's a natural process that without printing more money, it will be accumalated by the rich? Like the opposite of the trickle down effect? I don't know if that's the case in a pure freemarket system (i.e. no government intervention, i.e. racketeering).
\"six or seven men can plunge the nation into war, or, what is perhaps equally disastrous, commit it to entangling alliances without consulting Parliament at all.\"