The idea that economies always need to grow or else *doom* has never made sense to me… even stranger is that we measure that growth by the arbitrary metric that is GDP
Discussion
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Contraction, like growth is a natural part of life; but here’s the brain noodle .. public sector debt is a component of GDP 🤯
Even interest on said public sector debt is included. So looking at it simplistically you just borrow and spend forever then everything is peachy.
Sounds like a nice Modern Monetary Theory