Yes. That's math, the rule of 72. At a 2% growth rate the economy will be 8 times larger in 108 years, more or less. The rate is a bit higher, so we're a bit over 8 in the 95 years since that's been written.
> Keynes was quite damn good at anticipating things.
But that's not anticipating things, that's projecting an existing growth rate out for another century. Improbable really that it would neither rise nor fall, and one of the reasons it hasn't fallen is that we didn't cut our work week to 15 hours. So the only thing (in this context) that he really anticipated was wrong.
Yes. That's math, the rule of 72. At a 2% growth rate the economy will be 8 times larger in 108 years, more or less. The rate is a bit higher, so we're a bit over 8 in the 95 years since that's been written.
> Keynes was quite damn good at anticipating things.
But that's not anticipating things, that's projecting an existing growth rate out for another century. Improbable really that it would neither rise nor fall, and one of the reasons it hasn't fallen is that we didn't cut our work week to 15 hours. So the only thing (in this context) that he really anticipated was wrong.