The next nonsensical strategy for maintaining the dream of endless GDP expansion? Negative interest rates!
Laissez-faire takes on a new meaning — it is the ecosystem, not the economy that must be “left alone” to manage itself and evolve by its own rules.
It’s rare to find a Wall Street Journal columnist (and a Ronald Reagan appointee) calling for a steady-state economy.
Herman Daly offers an original take on the tired debate of “too many people vs. too much consumption” — a spot-on reframing of a critical issue.
Herman Daly makes the case against using obsolete growth policies to dig out of the recession, and he issues a challenge to technological optimists.
The World Bank and other proponents of growth need to prove that growth is actually “economic” instead of “uneconomic.”