Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
We have reached a tipping point IMHO when the Irresistible Force of Economic Growth mandated by the mathematics of compound interest on a deficit-based money supply is running up against the Immovable Object of the lack of availability of energy, and particularly liquid fuels, to sustain that growth.

I don't think anyone who believes in monetist capitalism has ever to my satisfaction countered this very obvious and simple proof of the inherent absurdity of compound interest.  Chris?

The difference between theory and practise in practise ...

by DeAnander (de_at_daclarke_dot_org) on Thu Jan 18th, 2007 at 05:07:14 PM EST
[ Parent ]

Others have rated this comment as follows:


Top Diaries

Occasional Series