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 […]
In this guest post, Kurt Cobb explains why global economic growth may not have grown as carbon emissions remained flat in 2014, despite claims by the International Energy Agency.
Many activities that today damage rivers and fisheries would not occur in a steady state economy.
Magnus-Johnston explains how these investments are funded, and how it exacerbates our economy’s growth imperative.
If we are to degrow the economy towards a steady state, we’re going to need to be a whole lot more generous, a whole lot happier, and more grateful for what we have already.
Herman Daly explains how we can use prices now as tools for rationing a fixed predetermined flow of resources, rather than determining the volume of resources taken from nature, or the physical scale of the economic subsystem.
Brent Blackwelder explains the connection between campaign financing laws and a steady state economy.
We are going to need more than a wealth tax to fix our economy.
The purchase of expensive luxury goods requires an agricultural and extractive surplus at the base of the economy–this is the “tropic theory of money.”
The next nonsensical strategy for maintaining the dream of endless GDP expansion? Negative interest rates!