Posts


Houston, We Have a Credit Problem

by Neil Tracey

In 2021, China had around 30 million homes sitting vacant for extended periods. There’s enough unused housing in China to house around 80 million people, roughly the population of Germany. This isn’t “slack” in the market; there is little hope that these homes will someday find an occupant. These homes are bound to remain empty.

Indeed, most of these homes are simply held as financial assets;


The New Herman Daly Bio: Confusion at a Critical Juncture and Other Missteps

by Brian Czech

No one in the sustainability business deserves a biography more than Herman Daly. But then, as a literary Clint Eastwood might say, “Deserve’s got nothin’ to do with it.” If a biography needs to be shot out of the saddle—or shot down a peg at least—so be it. Remember, it’s not the fault of the biographee.

Let me shoot straight to the bottom line, then. If you want to know about Herman Daly’s economics for a full world—and you should want to—read Daly’s books and articles.[1] If you want to know about Daly’s childhood days,