In my previous post I drew some parallels between energy and money – and more specifically, energy and banking – and pointed out that when money is at stake, the presence of energy is likely lurking somewhere in the shadows. It was mostly hypotheses and observations I was throwing around about energy and banking, but when it comes to energy and money, one can hardly overstate … [Read more...]
5 reasons why the US will never again see economic growth
Former Treasury Secretary and current Obama Economic Adviser Larry Summers is right to blast the austerity programs that have provoked massive protests in Europe while failing to halt the decline of EU economies or stabilize the shaky Euro. Yet Summers is wrong when he wrote recently in the Washington Post that in the U.S. any non-austerity or stimulus programs will be able … [Read more...]
Visual guide to the cost of growth. Review: ENERGY
They say a picture is worth a thousand words. With that in mind, the 195 color, mostly full page — often double page — photographs in the Post Carbon Institute's* latest book, ENERGY: Overdevelopment and the Delusion of Endless Growth, speaks volumes beyond its gigantic sized pages about the energy and environmental predicament humanity is immersed in today. But while the … [Read more...]