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« New Economic Forecast 2012-2013 | Main | Benjamin Franklin on Economic Disasterists »

September 02, 2011


Max Kummerow

Steady state economists expect that resources limits will constrain growth. Growth will tend to push up commodity prices (especially energy), choking off growth. Catch 22.

What we need is an economy that is sustainable, which means an economy that does not have to grow, while making us all well off enough. I think that means new technologies (esp. energy, solar, etc.), stable or (better yet) declining population.

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