That economic growth is the natural state for humans is a statement of the obvious. Its leading lights quite literally believe that economic growth causes inflation. It doesn’t simply because increased demand signals increased supply. As they see it, too much economic growth causes economies to “overheat.” Their reasoning is backwards. Economic growth is yet again an effect of investment; investment that enhances our ability to produce a great deal more with less.

Source: Forbes November 24, 2017 15:00 UTC