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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (5844)	6/14/1999 11:57:00 AM
From: Carl R.	Respond to of 15132

Note that he said "The rate of growth of productivity cannot increase indefinitely". He did not say that productivity can not increase indefinitely. There is a significant difference between these statements. Carl

To: Boca_PETE who wrote (5844)	6/14/1999 12:31:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 15132

It seems that you and Alan G are talking about different things. You are talking about Productivity Growth which has been happening throughout the centuries and will continue. No argument there, not even, I'm sure, form Alan G. Alan talked about the rate of productivity growth which can't continue indefinitely. Do the arithmetic: If the rate keeps increasing indefinitely, we go from a 2% to 5% range to infinite % growth in productivity; at which point all humans would have to be eradicated from the face of the earth to support continued growth in the rate. ;-) Perhaps you're right. It can and should grow forever. LOL Ian.