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Did Macro Kill Crypto? with MacroAlf
Bankless
Is There a Cyclic Booster to Growth?
In many jurisdictions over the next 20 years, the labor force will shrink. How can you expect an economy to generate organic growth year after year if there are less people contributing to economic growth? Via productivity maybe. We have had some productivity pick-ups. But as technology has already widespread pretty aggressively through many sectors, the marginal productivity increase every year becomes a bit more complicated to engineer. Which politician will accept an economy growing at 0.7% a year? That's like a Japan stagnation kind of environment. So what do we do? Well, we give it a booster. We basically lever up our spending power today, borrowing from the future. And now if you sum the public sector and
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