The stock market goes up over time because innovation results in improved efficiency which means greater return on capital, at a very high macro level.
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Net 54-- the discussion board where people resent discussions. 
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at
https://www.jamesspaethartwork.com/
Last edited by Peter_Spaeth; 05-22-2023 at 08:44 PM.
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