> I don't think the grand social goal is to maximize economic growth. It's a stable healthy society.
The contentious part of that statement is what constitutes "healthy" and "stable". Look at Japan, stuck in a long deflationary period that looks like it will end very badly and is already going badly. They are very stable though.
That, for me, makes growth look much more tempting as a choice for what constitutes healthy.
The contentious part of that statement is what constitutes "healthy" and "stable". Look at Japan, stuck in a long deflationary period that looks like it will end very badly and is already going badly. They are very stable though.
That, for me, makes growth look much more tempting as a choice for what constitutes healthy.