what 2% compounding annual economic growth feels like
On the flip side of this, imagine what a 2% economic contraction, year after year, for two centuries would be like. I can’t find the source for this (I don’t think it was Bret Devereaux), butThis talk suggests that’s what the Collapse of the (Western) Roman Empire would have felt like.
On the flip side of this, imagine what a 2% economic contraction, year after year, for two centuries would be like.
I can’t find the source for this (I don’t think it was Bret Devereaux), butThis talk suggests that’s what the Collapse of the (Western) Roman Empire would have felt like.