Discussion about this post

User's avatar
Polly Cleveland's avatar

"Never in the course of millennia has [dollar depreciation} been reversed in a currency that endured.. " True overall, but we have gotten deflation (dollar inflation) in depressions, because demand collapses faster than supply. Demand collapses because banks suddenly cut off credit, while it's hard to turn off supply in the pipeline. The Fed has far more influence on banks than on producers, thus more influence on demand than on supply.

Expand full comment
Lou Fedorkow's avatar

it is my impression the most significant cost push is now, and will increasingly be environmental degradation. Economists, or perhaps more pointedly, their employers, choose to be willfully blind to the real costs of what they think of as 'development', which ultimately seems to be based on degradation. As this problem continues to make the real costs more apparent, the data, analysis and terminology - and political will - remain woefully inadequate to better acknowledge, let alone treat the cause as it exists today, let alone into the near future: https://www.cbc.ca/radio/whatonearth/canada-greenhouse-gas-climate-reporting-1.6528330

Expand full comment
2 more comments...

No posts