It appears people forget the basics of how prosperity is created by excessive financial and econ journalist blather. 1/n
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All subsequent economic growth by those on the frontier relied on continual innovation in technology and processes of production 10/n
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1st time in human history, through ingenuity that created the technological/process breakthroughs, humans escaped the Malthusian Trap 11/n
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This resulted in an explosive growth in human population as food production outpaced population by a lot! 12/n
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And basically, we are still in an environment of increasing agricultural (and otherwise) productivity gains outpacing popn growth 13/n
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Some libertarians think escape from Malthus is permanent, but considering this event is barely 250 yrs old, lets not be sanguine! 14/n
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So, when a journalist/Davos personality shares some politically correct bromide and relates it to econ growth, ask yourself these qns 15/n
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1) Is the proposal relevant to technological and process innovation? 2) Has the proposal any support from economic history? 16/16
End of conversation
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