How does the economy “grow”? Where does the new money comes from?
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I’ve heard it said that money is “lent” into existence. That means that more ppl willing to borrow money to start/expand business makes more money around.
Also, younger ppl with kids are more likely to have jobs to get the money to spend to raise kids, etc. This drives a country’s economy. Older ppl spend less, have higher medical bills, etc, which is a drag on the economy. So a growing economy is one with a large group of 20-40 year olds… And not so many older ppl.
A stagnant economy is one with way more older ppl than younger. Think Japan and soon to be many, many more.
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