“A pretty good counterargument to Jeremy Grantham’s prediction for slow growth via Laurence Siegel:
If you enjoy the content at iBankCoin, please follow us on Twitter“Consumption cannot grow forever. Some consumption is of physical, nonrenewable resources, and the volume of cumulative nonrenewable resources consumed cannot exceed the volume that exists on Earth. Even at a zero growth rate, resources continue to be consumed, subject to physical limits. Thus, a worldwide slowing of growth at some point in human history is inevitable….”
