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This is a question I’ve often pondered, too.
This article is about Spare Change Thursday, 19th April 2007 (by J.D. Roth)
One Response to “links for 2007-04-19”
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Personal Finance Tip: Set a long-term course you can live with. Returns can deviate
from historical patterns for periods of several years. You need to
set up your portfolio
with the long-term in mind, and then be patient if things take a
while to play out.
April 19th, 2007 at 5:47 am
Economic growth is necessary because it is not a zero-sum game. It is a multiplicative game. By this, I mean that one country’s economic growth in some way affects another’s country’s economic growth, and so on and so forth.
Economic growth enables higher living standards, economic mobility, reduces volitility and instability in both the work sector and the government sector.
Granted, we could argue all day as to where the economy should be growing. But that’s the more complicated policy question