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Old 11-06-2008, 11:26 PM   #17 (permalink)
Frank Lee
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It's all tied to the population. If the pop is growing, then the economy should grow too if each individual is to enjoy prosperity at least equal to the predecessors. If the pop is stable, there is no need for economic growth, if the level of prosperity had been sufficient. And it follows that if the pop declines, the economy can decline too without imposing sacrifice on individuals.

Of course there is more to it than that.
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