Item of General Interest
Nov. 5. I added a new 40 minute audio interview with Jim Kunstler to my Presentations/Podcasts page. The general topic is my views on Energy and the Economy.
I have also added the two new presentations that I have recently written up as posts to that page as well. These are Our Electricity Problem: Getting the Diagnosis Correct and Oops! The economy depends on an energy-related debt bubble.
Tag Archives: debt default
Not long ago, I wrote Ten Reasons Why High Oil Prices are a Problem. If high oil prices can be a problem, how can low oil prices also be a problem? In particular, how can the steep drop in oil … Continue reading
In today’s world, we have a huge amount of debt outstanding. Academic researchers Carmen Reinhart and Kenneth Rogoff have become famous for their book This Time is Different: Eight Centuries of Financial Folly and their earlier paper This Time is Different: … Continue reading
As the US heads toward debt default and continues with government shutdown, the underlying reason for the predicament is generally not clear to the American people or the world. The story that the press has generally been feeding us places … Continue reading