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Overcoming Bias Commenter's avatar

It does not matter whether the growth is fast or slows but as long its growth we should be very much happy and satisfied. I am trading with OctaFX broker and there I am always growing every day thanks to their wonderful support with the cTrader demo contest, it’s really wonderful to be able to participate in this because of 400 USD prize pool while now it’s even better than before due to been updated so we can learn so much from it.

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Mark Bahner's avatar

1. We know that even current growth rates are not sustainable in the long run (maybe a few thousand years). So, we know growth is going to basically 0.

I don't know that. I think the growth in per-capita gross world product will continue to accelerate, barring global thermonuclear war or takeover by Terminators. This will continue until money is basically meaningless. (If everyone in the world has the wealth of Bill Gates, I don't see any meaning to money.)

"2. The Fermi paradox. One plausible candidate for the great filter is just that the universe doesn't cooperate with sci-fi scenarios and we are closer to the end of innovation than the beginning."

The "universe" stopping global economic growth seems like a mystical proposition to me.

"3. The fact that growth rates have noticeably slowed for developed economies also argues for deceleration rather than acceleration."The trillion dollar questions are why this has happened, and whether its likely to continue. My personal guesses are that: 1) population growth has slowed in these countries (they've aged), and 2) this is not likely to continue, because computer brains will replace (and vastly exceed) human brains.

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