Almost half of humanity lives below $6.85 per day. This population does not consume goods and services at a rate exceeding Earth’s capacity. Yet here we sit, on the wrong side of six of the nine planetary boundaries identified by the Stockholm Resilience Centre.
How did we get here? Via the economic activity of the other half of humanity. The planet, and all its inhabitants,
Labor Day, like other holidays of remembrance, is an opportunity to reflect on the past and critically consider the future. Our memory ought to include the foot soldiers of the labor movement, from the 10,000 coal miners who fought in the Battle of Blair Mountain to the steel workers who duked it out with the Pinkertons at Homestead mill. We owe our rights as workers to the bitter struggles of many who preceded us.
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 a zero interest rate. Remember that the interest rate is a price paid to savers by borrowing investors.
Five reasons why economic growth should be the rallying point for environmentalists and conservationists.
First things first — you can’t have a healthy economy unless you also have a healthy environment. Shouldn’t at least one political party get that?
Brian Czech offers sound advice for conservation professionals and everyone else concerned with protecting wildlife and ecosystems.
Here’s a crazy but true fact: negative externalities are the norm — not the exception — in our current economic setup.
Occupiers need to unite around a macroeconomic goal — and the right goal is a steady state economy.