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Yes you have pointed out that demographics trump any theories, that is hard to disagree with.
That chart portends this.
The Austrians say that business cycles are a result of government intervention.
Malthus was wrong
Malthus was absolutely right. We can't grow exponentially forever and it is an obvious fact.
Malthus was absolutely right. We can't grow exponentially forever and it is an obvious fact.
He never could have imagined the technology advances and globalization itself
This is why we have the line... never say never
He never could have imagined the technology advances and globalization itself
Technology can't fundamentally change the underlying physics and biology of the planet. You can't have unlimited exponential growth on a finite world.
The reason we haven't been visited or conquered by aliens is probably because there is no way to remotely approach lightspeed, period.
Also, those increased yields are a function of increased inputs, many of which are finite, like fertilizer, and create their own effects on the food chain (eg, nitrate runoff into waterways, killing fish and acidifying the oceans, reducing other food sources).
He never could have imagined the technology advances and globalization itself
Technology can't fundamentally change the underlying physics and biology of the planet. You can't have unlimited exponential growth on a finite world.
Exactly. We only temporarily boosted production to continue exponential growth through the 20th century.
Space, water, energy are constraints that just can't grow, let alone grow exponentially.
Therefore Malthus was right.
We are heading toward a wall.
And we are pretty close to it now.
The perspective of adding an other 5 billions human beings on this planet by the end of the century should scare the shit out of everyone.
Global warming is a pretty mild problem in comparison.
What you two said above.. people have been saying for decades and yet Humans consume more goods and services in the last 20-30 years than the last 5,000 years combined
We are going to win this battle and Malthus was wrong as his followers have been wrong since 1920.
Humans found a way...:-)
Technology can't fundamentally change the underlying physics and biology of the planet.
In Malthus' defense the chart for technology looked like the chart for population back then i.e. it was flat not showing a hint of the exponential growth to come.
You seem to missing the power of technology and guys like Norman Borlaug which enabled the resources to expanded exponentially.
I would guess that this planet could support 100 billion people maybe more. Look at this chart
Technology can't fundamentally change the underlying physics and biology of the planet.
In Malthus' defense the chart for technology looked like the chart for population back then i.e. it was flat not showing a hint of the exponential growth to come.
You seem to missing the power of technology and guys like Norman Borlaug which enabled the resources to expanded exponentially.
I would guess that this planet could support 100 billion people maybe more. Look at this chart
Need some capital and that capital is getting more and more difficult to obtain.
With interest rates very low, indicating that money is very plentiful, why is that?
With interest rates very low, indicating that money is very plentiful, why is that?
Banks have limits on what they can give because openings up a business is always a risky bet anyway.
Federal side of the equation can take losses on the books and not even blink.
If I was King for a day, that would be one of the things I would, Which is actually a MMT thesis ...
But a Non Religious Middle Eastern Republican with a Scottish name will never be king, not even for a day. :-)
capital is getting more and more difficult to obtain.
My question is why is it getting more difficult to obtain?
Looks like the population of wolves on an island, until they eat all the deer.
People don't realize that alot of fertilizer comes directly from fossil fuel, and cannot be replaced by renewables like solar.
You are betting against technology, not a smart bet.
Maybe you should try some courses over at the Mises institute.
For a soft patch in prime labor force growth coming off the Great Recession
Not bad at all
US total #oil demand (weekly estimates) is running at 20.2m b/d. Really, really strong for this time of year
Once you adjust it to demographics then it makes sense, obviously the weakest sales demand curve is in housing.
I love the thesis.
However, 90% of their people are ego maniacs who have no back ground in economics and don't care that they're losing.
I really want this economic thesis to have some legs but &$)_# as soon their people speak it ruins everything.
For MMT to grow it needs to muzzle most of it supporters and their leaders need to be more versed in Modern Day Economics and have a understanding of demographics
Frustrating to watch them the last 3 years.
However, life is too short to deal with people who need economic intervention
#Economics