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Tag Archives: famine
Running dry?
There are two opposite schools of thoughts in economics concerning what may happen in human society when it keeps expanding while natural resource which growth depends on has a physical limit. Essentially Malthus thought that with the expansion of human … Continue reading
Posted in Economics
Tagged Cornucopian, famine, growth, Malthusian, negative feedback, peak oil, technological subsitute
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The Green Toilet Paper
With plunging dollars, it is that time again to discuss the monetary system. I dig up some old post of mine and would like to re-post it here after some editing: 1. The US has been effectively “defaulted” a few … Continue reading
Posted in Economics
Tagged banking, bankruptcy, currency, default, famine, Fed, fractional reserve, gold, hyper inflation, inflation, M1, money supply, national debt, oil, peg, petro-based economy, Treasury
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