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re: Macro Economic Growth Possible w/o Population Growth Long Term?
Posted on 6/7/18 at 12:17 pm to meansonny
Posted on 6/7/18 at 12:17 pm to meansonny
quote:
Fix the trade deficit.
Sell something the world needs better than they can do it themselves.
Easier said than done when other countries have cheaper labor and state sponsored enterprise.
But there is your GDP output without relying on housing.
Yep.
Plus housing still matters - normal wear and tear (not broken windows but routine usage) can generate demand, and existing houses have to be retrofitted (houses didn't have high speed Internet 20 years ago or air conditioning 50 years ago).
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