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| User Info | The Bottom Line On All The Frauds; entered at 2011-10-23 15:54:44 | |||
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Alfgldbrg Posts: 28 Registered: 2011-04-04 
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Sorry if you've already explained this somewhere and I missed it, but I keep seeing you make statements like, "compound growth is impossible on a permanent basis". Huh? I can see why you'd say that debt cannot grow faster than the economy on a permanent basis, but why do you keep saying that compound growth itself is impossible? Even in a world without debt at all, if some fraction of GDP is re-invested in productive capital expenditures (i.e, if all income is not spent on consumption) then GDP should grow exponentially. There's nothing Ponzi about that - the problem only comes when debt grows faster than income for too long.
2011-10-23 15:54:44
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