Tag Archives: debt levels

Today’s economy is like that of the late 1920s

Posted on August 21, 2024 by Gail Tverberg

Today, there is great wage and wealth disparity, just as there was in the late 1920s. Recent energy consumption growth has been low, just as it was in the 1920s. A significant difference today is that the debt level of the US government is already at an extraordinarily high level. Adding more debt now is fraught with peril. Continue reading →

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A Video Game Analogy to Our Energy Predicament

Posted on November 28, 2017 by Gail Tverberg

The way the world economy is manipulated by world leaders is a little like a giant video game. The object of the game is to keep the world economy growing, without too many adverse consequences to particular members of the … Continue reading →

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Energy limits: Why we see rising wealth disparity and low prices

Posted on July 6, 2016 by Gail Tverberg

Last week, I gave a fairly wide-ranging presentation at the 2016 Biophysical Economics Conference called Complexity: The Connection Between Fossil Fuel EROI, Human Energy EROI, and Debt (pdf). In this post, I discuss the portion of the talk that explains several … Continue reading →

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Putting the Real Story of Energy and the Economy Together

Posted on April 15, 2015 by Gail Tverberg

What is the real story of energy and the economy? We hear two predominant energy stories. One is the story economists tell: The economy can grow forever; energy shortages will have no impact on the economy. We can simply substitute … Continue reading →

Posted in Financial Implications | Tagged , , , , | 486 Comments