LEADERS

TOP International LEADERS Calling Market Crashes Years Ahead
Second to None, Anywhere...

'Warned 2000 tech slide; predicted 2008 meltdown in 2007. Forecasted 2020 global economic collapse in 2011, AND NOW- BY 2050 - THE MOTHER OF ALL CRASHES"

Funtastic Deal - Free Kindle

TOP POST - WHAT ARE COMMUNITY IS READING

A #TALE OF TWO CITIES - #ECONOMICS AND #SCIENCE COLLIDE

  SURREAL ECONOMICS OR CONCRETE SCIENCE? Original Post It  was the best of times, it was the worst of times, it was the age of wisdom, it wa...

Lead, Follow or Dream

Search This Blog

BIG SAVINGS ON HOT STUFF

Thursday, March 7, 2013

AEIdeas - America’s shale prosperity creates a Texas ‘shale billionaire’

AEIdeas - America’s shale prosperity creates a Texas ‘shale billionaire’

Here's a billion dollar question. Why are so many people so happy about advancing the premature extinction of the human species?  Whatever the answer, we expect it contains a gruesome perversion that fails to comprehend our exponential decay - we are so blind, and there are no one-eyed Kings to lead. We shoot them. 

What  really dumb economists don't understand is that when you extract from the planet you do not create wealth. Just the opposite - the overall planet's balance sheet deteriorates as extraction is not production. Never was. Fools still however run around thinking they are actually getting richer - when the reality is we all just got a whole lot pooer. That's without even considering the effects on the bio-sphere - that exacerbates the tail-spin accounting of  the real negative sum physical game. 

Economists like Perry push an abstract positive sum game that doesn't exist. So this is not just a question of an economist being really dumb - that's obvious. It is another billion dollar question - are they sane? 

Oh, I guess that's obvious too.

First Financial Insights
March 6, 2013

Keynote Speaker: 2010 Festival of Economics 

Believe, Act, Learn

https://www.addtoany.com/

LEARNING LIBRARY