Again yesterday, we heard the promise of 4%-plus U.S. GDP growth in the coming years. Monday, I believe it was President-Elect Donald Trump’s new Treasury Secretary appointee Steven Mnuchin I saw across the gym on MSNBC making the promise. A few weeks ago we heard him promise 3 to 4 percent.
Rarely do I find writing about our economic system that warrants not just Wall of Fame status, but also a parade. I cannot heap enough praise on today’s honoree:
I have a great read to recommend this week — an outstanding interview with Dennis Meadows about the (somewhat) famous Limits to Growth study he led at MIT about 45 years ago.
I want to thank Los Angeles Times reporter Jim Puzzanghera for serving up several textbook examples of the pro-growth Kool-Aid that pervades financial reporting. Our case study today is:
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Wall Of Shame
Reporting & commentary that assume eternal growth is feasible, good, and necessary for prosperity.
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Examples of classic pro-growth bias or exceptional acknowledgement of limits to growth, submitted by our readers!.
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