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Why isn't growth good ? A quarterly system keeps corporations at toes .. which means they need to innovate hard , create demand , build supply chains .. sure the rich gets richer but the fact is it has never been this good for the middle class .. and hopefully vast percentage of poor population ( in say India and China ) are getting into middle class .. more people have access to water , electricity, education and health care today than ever before in history of mankind ..

And the idea that sound money would curb the growth mindset is beyond me ..cuz there is already extensive leverage on bitcoin.. there is credit rails being built .. nothing is gonna be different as far as the macro econ is concerned except you have better technology for realtime settlements and open system ..

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Sovereign Origin 🥕 10mo ago

Growth in real economic terms is good or at least an indicator the company adds value. We agree!

However the case I am making is that due to many distortions; money printing, CPI measures, marketing, oligarchy and monopolistic policy pushing, ZIRP, ..., it is very hard and almost artificial to quantify of indeed true value was added.

I'm furthermore arguing the case of NVIDIA to show there is a good case of fiat disease lurking and at least for gamers, its more marketed value than real value (and we don't see it in the numbers).

To address your point about leverage and growth: Leverage is natural, it's human expression of the belief of a future return, and said leverage is used to increase the chance to realise the goals that are desired. Any loan is a form of leverage. However they do express a short term mindset. Whether growth is achieved is a different question, and if growth is forced for the sake of growth or almost always comes at a price, albeit sometimes not a monetary one. On a sound money standard, incentives should lead to healthy growth and natural leverage.