For a decade now we’ve had extremely cheap debt and very weak growth. What are the reasons why?
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Stanley Druckenmiller makes a pretty compelling case that we're in a golden age right now. Endless free content, cheap deliveries, cheap travel, etc. That GDP might be largely outdated as a measure of progress.
I think this is one of the best arguments. I’ve seen that interview. My favorite example is the gdp associated with photo development. Used to be a Kodak store in every town! Now that’s gdp=0
