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  • Jun 23, 2025, 12:31 PM

    @stekopf @MarkHoltom
    Sorry, but this is not the way growth accounting works. Economic growth is producing more with the same amount of inputs, or less. When I avoid filling my car fuel tank and buy an album on Bandcamp instead, I create growth: there are less market-traded inputs for an additional copy of the album than for a tank of gasoline.
    Notice the same holds if I replace the album with an Amazon Prime subscription.

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