The economy went from 0% growth for 100s of years to 3% growth that lasted many hundreds of years.
Yes, at each step keeping the 3% growth needed things to keep going, but the big thing was unleashing the nonzero growth rate, to get unstuck from the local minimum.
The economy went from 0% growth for 100s of years to 3% growth that lasted many hundreds of years.
Yes, at each step keeping the 3% growth needed things to keep going, but the big thing was unleashing the nonzero growth rate, to get unstuck from the local minimum.