2min chapter

People I (Mostly) Admire cover image

108. Ninety-Eight Years of Economic Wisdom

People I (Mostly) Admire

CHAPTER

The Importance of Efficiency in the Economy

I'm for efficiency, which does not apply growth. It simply implies a higher level than an inefficient economy. And nobody should worry about using inputs more efficiently. That's just great. Even if you're afraid of climate change, what could be better than that answer? I'm for using all the natural resources that we can efficiently. But when you use up a natural resource, you useup a natural resource.

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