Posted: Oct 05, 2013 10:11 pm
VazScep wrote:I'd imagine there are subtleties. You could have explosive economic growth in the IT sector and in intellectual property whilst seeing resource usage decline.

That said, I'm not sure why economic growth is a goal. I have a vague intuition that a fiat currency economy is only healthy when it is growing so that it can pay off the interest accumulated when most money circulating is debt.

Economic growth is being referred to here as "on the whole."

Constant economic growth is a goal because anything else is stagnation, or recession, or depression, all three of which are anethema to making money and in fact usually bring about losses.