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Why Malthus Got His Forecast Wrong | Our Finite World - 0 views

  • NIce one Gail, but I wonder personally if debt is the issue: to me its just a symptom. If you take economies as pure systems, then they have natural feedback and feedforward paths. Debt is a way – especially debt based on notional, rather than actual, security – of trading notional surplus today for increased prosperity tomorrow: That is, it is a hugely effective way of accelerating growth in a system that is not resource limited. IN a system that is resource limited, where no growth is physically possible, spiralling debt merely reflects an attempt to engender growth where none is available. Debt itself is not the problem, its merely a symptom of the problem, associated with the fact that governments financial institutions and so on, are desperately trying to create the growth they need to balance their books, when it cant be done. Debt is conceptually easy to solve. simply devalue it by 10 or so. All savers lose 90% of their savings, all borrowers lose 90% of their debt. Wealth gets transferred from lenders to debtors. That’s largely what debt ridden governments have done with QE et al.
    Velgørende med en lidt mere nuanceret beskrivelse af gæld. Gæld er et symptom på et overstyret system; et system der vil mere end det kan.
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