Filed under: Uncategorized | Tags: budget deficit, budget surplus, energy, Finland, GDP, Norway, peak oil, socialism, Sweden
Not compared to N. American ‘capitalism.’ Despite the onslaught of talking heads and columnists sent to convince you otherwise. Many of you will find the reality of the situation very disappointing, but it is what it is.
Via Beat the Press: http://www.cepr.net/index.php/blogs/beat-the-press/david-brooks-self-doubt-and-self-confidence
Filed under: Uncategorized | Tags: economic growth, economics, endless growth, GDP, Herman Daly, neoclassical economics, Steady State Economics
The Church of Economic Growth sings louder as the brushfire of reality encircles the building.
…even though the benefits of further growth are now less than the costs, our decision-making elites have figured out how to keep the dwindling extra benefits for themselves, while “sharing” the exploding extra costs with the poor, the future, and other species.
via What Is the Limiting Factor? « Center for the Advancement of the Steady State Economy.
Filed under: Uncategorized | Tags: debt as percentage of gap, debt to GDP, euro, eurozone, EZ, financial crash, GDP, meltdown
From Credit Writedowns..
Industrialized Cyclist Notepad 