The business page at the New York Times has few peers when it comes to directing reporter resources at the technology economy. A read of Irwin’s analysis, analysis that includes mention of growth “speed limits,” was head scratching to say the least. If Irwin is to be believed, or if the economists whom he parrots are to be believed, too much economic growth has an inflationary downside. Economic growth is the greatest enemy rising prices have ever known simply because the main driver of growth is investment that pushes down the prices of everything. Lest we forget, economic growth is about investment, and investment generally begets advances that save on labor.

Source: Forbes March 05, 2017 14:00 UTC