I admit to a bias in favor of rational economic analysis of difficult problems, which is to say that economists generally agree on quite a number of things, and that what they tend to agree about, where it comes to spurring long-term economic growth, productivity and the ability to provide the "greatest good for the greatest number" we ought to be sober and determined.
It's a bit of a "policy wonk" point of view, but such things have direct consequences for everybody. In my case, most especially for my Millennial children. This is an interesting discussion, along those lines. Growth normally is not the sort thing most people think about. But without growth, it is impossible to provide higher real incomes for the broadest number of "average" Americans.
Equity is a praise-worthy social concern. But real economic growth always is the foundation for sustainable growth in ability to support social equity. The link isn't always obvious, even if true. Growth is necessary, and for that reason inherently praise worthy.
Sunday, December 12, 2010
Paul Ryan on Spurring Economic Growth
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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