July 22, 2015

WHICH IS WHY THE LEFT AND RIGHT OPPOSE GROWTH:

There's Just One Way to Reach 4 Percent Growth (Noah Smith, 7/21/15, Bloomberg View)

The way to get 4 percent growth is open-borders immigration policy. 

Gross domestic product is simply the product of output per person and the number of people. The more people in your country, the higher the output. That's why China, whose output per person is only about a quarter of the U.S.'s, is now the largest economy on the planet. It just has more bodies. 

The growth numbers you usually hear about in the news are total GDP growth numbers, not per capita figures. To boost those numbers, get more population. For example, when Great Britain conquered India, the GDP of the British Empire went way up. If the U.S. really wanted to supercharge its GDP numbers, it has a much better option than military conquest -- it could simply invite tons of immigrants to move here. 

Posted by at July 22, 2015 4:28 PM
  

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