The larger economic case is that while of course I agree that there is a real constraint on economic growth from resource depletion, I think that that as a binding constraint is a lot further away than many seem to realise.

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"Studies show that Northampton Station is already at capacity during peak hours, while the station building and its associated facilities are out-of-date, and a constraint to economic growth, " WNDC said.

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Even normally cautious bodies like the International Energy Agency and the Organisation for Economic Co-operation and Development are sounding the alarm, with the latter recently releasing a comprehensive report forecasting a world in 2050 that will be defined by resource constraint and its economic impacts.

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In New Brunswick, the rent control board is responsible for setting the maximum annual rent increase, within the constraint of 2.5% to 5.5%, based on economic conditions.

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