Tag: snapshot view

Economic Fallacies: “Linear Projection”

Nov 23, 2007

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by

mwkruse

in Capitalism and Markets, Christian Life, Economics, Human Progress, Series: Economic Fallacies (Series), Theology

The Linear Projection Fallacy projects present circumstances and trends endlessly into the future without allowing for innovation and societal change. There are about 300 million people in the USA today. About 13% (39 million) would say they were Black, and another 13% would say they were Hispanic. Let's say that by this century's end, we…