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Ep. 39: Alex Tabarrok on the Dance between Centralization and Decentralization in City Governance, Baumol Effect vs. Regulation in Increasing Price Levels and Economic Insights for Entrepreneurs

Stranded Technologies Podcast

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The Importance of Growth

Economists tend to focus more on growing the pie, which is the only way that everyone could become rich. The importance of growth is another sort of version of that, which I think people don't really conceptualize that well, right? If you're growing at 2% per year, you're doubling every 35 years. If you're going at 1%, you're only doubling every 70 years. So that's a huge difference over time. It's also a bit so the scene and the unseen, right? When it comes to the great. Absolutely.

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