Book Review: Falter by Bill McKibben

By Herman Daly Thanks to Bill McKibben, not just for his new book but for 30 years of honest, eloquent, and insightful environmental writing and activism. He begins Falter by pointing out that “the human game we’ve been playing has no rules and no end, but it does come with two logical imperatives. The first is […]


A Country of Immigrants

By Herman Daly

Historically, the U.S. is undeniably a country of immigrants. But why is this uncontested fact so repeatedly emphasized? Might the unremitting celebration of immigration as a policy (as opposed to the celebration of particular immigrants as people) obscure a dark side of our immigration history?


The Poison Beer of GDP

By Herman Daly

Disaggregating reported GDP growth to reveal the differences in growth by income class, as per the Schumer-Heinrich Bill, is a good idea. After all, telling us, say, that average income grew by 4% is not nearly as informative as telling us that the richest ten percent received the entire growth increment while the bottom ten percent suffered a decline in income.


Unfurling the Banner at the Steady State Herald

~Steady State Herald Premiere~

By Brian Czech

It’s been quite a run with our CASSE blog, the Daly News. Regular readers will recall a consistent weekly column from March 2010 through late 2015. Then for a couple years it was hit-or-miss, for reasons already explained (in a Daly News entry, naturally.) Now we’re back to blogging regularly under a new banner: the Steady State Herald!


Where Does Inflation Hide?

By Herman Daly

The talking heads in the media explain the recent fall in the stock market as follows: A fall in unemployment leads to a tight labor market and the prospect of wage increases; wage increase leads to threat of inflation; which leads the Fed to likely raise interest rates; which would lead to less borrowing, and to less investment in stocks, and consequently to an expected fall in stock prices.


What is Wrong with a Zero Interest Rate?

by Herman Daly The stock market took a dip, so the Fed will likely continue to keep the interest rate at zero, in conformity with its goal of supporting asset prices by quantitative easing. What is wrong with a zero interest rate? Doesn’t it boost investment, growth, and employment? There are many things wrong with […]


Would the Steady-State Economy Be a Miracle?

By Herman Daly Many people think that advocating a steady-state economy is like wishing for a miracle. I understand their reasoning and take their point—in the present era of growthism it does seem rather like advocating a miracle. But that raises the question: exactly what is a miracle? And how many other miracles are we […]


Thoughts on Pope Francis’ Laudato Si

by Herman Daly As a Protestant Christian my devotion to the Catholic Church has been rather minimal, based largely on respect for early church history, and for love of an aunt who was a nun. In recent times the Catholic Church’s opposition to birth control, plus the pedophile and cover-up scandals, further alienated me. Like […]


Seismic Political Shifts Reveal Desire for Serious Change

by James Magnus-Johnston If you demonstrate to people that the NDP [New Democratic Party] can win in Alberta, suddenly anything seems possible. —Paul Fairie, University of Calgary political scientist   On the problematic political spectrum, neither the right nor the left have become wholesale champions of the steady state economy. Then again, embracing something perceived as […]


War and Peace and the Steady-State Economy

Herman Daly discusses the natural alliances between peacemakers and steady staters, and between the growth economy and warfare.