{"id":59522,"date":"2021-09-26T08:37:28","date_gmt":"2021-09-26T13:37:28","guid":{"rendered":"https:\/\/olduvai.ca\/?p=59522"},"modified":"2021-09-26T08:37:28","modified_gmt":"2021-09-26T13:37:28","slug":"why-the-economy-must-grow","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=59522","title":{"rendered":"Why the economy must grow"},"content":{"rendered":"<div id=\"cc-m-5104444968\" class=\"j-module n j-header \">\n<h3 id=\"cc-m-header-5104444968\"><a href=\"https:\/\/choosethefuture.jimdofree.com\/the-causes\/economic-growth\/why-the-economy-must-grow\/?fbclid=IwAR2Fr3D4ijgC4mUBCQQgFDAT0AWsLKnBHpyL0rMaQs7rbL1gO9plb4PbH-g\">Why the economy must grow<\/a><\/h3>\n<\/div>\n<div id=\"cc-m-5414514768\" class=\"j-module n j-text \">\n<p>There are three main reasons why our economy grows:<\/p>\n<p>\u2022\u00a0because it is easier to make money in an economy that is growing<br \/>\n\u2022\u00a0because we all, individuals, companies and governments, borrow money<br \/>\n\u2022\u00a0because we pay interest on the money we borrow.<\/p>\n<p><strong><span style=\"color: #222222;\">Because it is easier to make money in a growing economy<\/span><\/strong><\/p>\n<\/div>\n<div id=\"cc-m-9275063268\" class=\"j-module n j-text \">\n<p>Many people, particularly business people and people in governments, want the economy to grow continually because it\u2019s easier for people to make money in an economy that is growing in size, because a growing economy means an ever-increasing supply of money and an ever-increasing opportunity to get some of that money and the products and resources that it represents.<\/p>\n<p>Those products and resources may provide mere survival, acceptable comfort and security, or the maximum possible excess of luxury. \u00a0The individual&#8217;s drive towards survival, material gain, comfort and security, or luxury, drives the economic system.\u00a0 Of itself, that drive doesn&#8217;t mean that the economy has to grow, or even that it will grow, but it is a strong supporting force for economic growth: it supports a positive\u00a0attitude towards economic growth and a resistance to anything that limits economic growth.<\/p>\n<\/div>\n<div id=\"cc-m-9275062068\" class=\"j-module n j-header \">\n<p id=\"cc-m-header-9275062068\"><strong>Because we borrow money<\/strong><\/p>\n<\/div>\n<div id=\"cc-m-9275061968\" class=\"j-module n j-text \">\n<p>Most people in developed countries borrow money for the things they want to own.\u00a0 This money usually comes to us through our home loans, car loans, credit card loans and other forms of credit.<\/p>\n<p>We are able to borrow that money because of our promise to work in the future and to repay it; we spend it now, promising that we will earn and repay it later.\u00a0 This money is available to us as a result of our assumed and promised economic activity (jobs, or other income) in the future.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Why the economy must grow There are three main reasons why our economy grows: \u2022\u00a0because it is easier to make money in an economy that is growing \u2022\u00a0because we all, individuals, companies and governments, borrow money \u2022\u00a0because we pay interest on the money we borrow. Because it is easier to make money in a growing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[31845,391,2994,536],"class_list":["post-59522","post","type-post","status-publish","format-standard","hentry","category-economics","tag-choose-the-future","tag-growth","tag-interest","tag-money"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59522"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59522\/revisions"}],"predecessor-version":[{"id":59523,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59522\/revisions\/59523"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}