What is Wrong with a Zero Interest Rate?

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 […]

Would the Steady-State Economy Be a Miracle?

By Herman Daly Many people think that advocating a steady-state economy is like wishing for a miracle. I understand their reasoning and take their point—in the present era of growthism it does seem rather like advocating a miracle. But that raises the question: exactly what is a miracle? And how many other miracles are we […]

Thoughts on Pope Francis’ Laudato Si

by Herman Daly As a Protestant Christian my devotion to the Catholic Church has been rather minimal, based largely on respect for early church history, and for love of an aunt who was a nun. In recent times the Catholic Church’s opposition to birth control, plus the pedophile and cover-up scandals, further alienated me. Like […]

Seismic Political Shifts Reveal Desire for Serious Change

by James Magnus-Johnston If you demonstrate to people that the NDP [New Democratic Party] can win in Alberta, suddenly anything seems possible. —Paul Fairie, University of Calgary political scientist   On the problematic political spectrum, neither the right nor the left have become wholesale champions of the steady state economy. Then again, embracing something perceived as […]

The Puzzling Flattening of Carbon Emissions and the Problem of Global Growth

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.

Cold War Left Overs

Daly challenges the assertion that a steady-state economy is inherently capitalistic and must be instead be based on a socialist system.

News on Blue Planet Prize

Herman Daly, Daniel Janzen, and the Instituto Nacional de Biodiversidad are this year’s winners of the Blue Planet Prize. Congratulations!

Approaching a Steady State Economy, Part 2 — Clean Clothes

What can a laundry experiment in one household teach us about economizing and innovating in the broader economy?

Approaching a Steady State Economy, Part 1 — Getting Around

Figuring out how to run a sustainable economy is a tough task — drilling down to one sector offers some insights.

Bring Back Hank Paulson — On One Condition

He’s not the ideal, but if appointed Fed Chair, Hank Paulson might actually consider the environmental effects of Fed policies.