Posts


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.


The Negative Natural Interest Rate and Uneconomic Growth

The next nonsensical strategy for maintaining the dream of endless GDP expansion? Negative interest rates!


The Infinite-Planet Approach Won’t Solve the European Debt Crisis

To fix the European debt crisis and prevent the next series of financial crises, we’d better learn the lessons of our finite planet.


President Obama’s (Hoped for) “Amaze Speech”

What if President Obama rose above political expedience and leveled with the American people?


President Obama’s (Hoped For) “Amaze Speech”

What if President Obama rose above political expedience and leveled with the American people?