Growth denominated in deficit-based currencies - where money is created as credit based on a claim over upon interest-bearing debt - is responsible, when combined with the 'For Profit' enrterprise model, for the shit we are in.
Growth denominated in energy, on the other hand, would be very different. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
For now I would define growth as the amount of work done combined with the efficiency of how that work is done. Whether you denominate that in gold, fiat money or energy isn't relevant for the point that I will try to make.
For now I would define growth as the amount of work done combined with the efficiency of how that work is done.
