The growth would be more stable as price would reflect the real world conditions. We would be building from a solid base.
The state manipulates our nervous system and steals 40%~ of your blood then gives us a wheelchair and most people are thankful for the wheelchair and how far they can go.
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Your analysis could only be true, if more people would life in anargy than in states. Since evolution does not allow the inferior system to grow faster than the superior. So I really do not see how your theory can be true, when it practically was defeated.