stagflation
Stagflation Is Back, Gold Premiums Indicate Tightness, And Expanding Overton Windows Worry ‘Them’
PREVIEWOver the past decade, we've been told that inflation has been tame — actually below the target the Federal Reserve would like to see. But if that's true, then why does the average household find it harder and harder to get by?
The ugly reality is that the true annual cost of living is far outpacing the government's reported inflation rate. By nearly 10x in many parts of the country.
This week, we welcome Ed Butowsky, developer of the Chapwood Index, to the program. His index is a 'real world' measure of how prices are increasing much faster than the wages of the 99% can afford.
Ed Butowsky: Calculating The True Cost of Living Increase
by Adam TaggartOver the past decade, we've been told that inflation has been tame — actually below the target the Federal Reserve would like to see. But if that's true, then why does the average household find it harder and harder to get by?
The ugly reality is that the true annual cost of living is far outpacing the government's reported inflation rate. By nearly 10x in many parts of the country.
This week, we welcome Ed Butowsky, developer of the Chapwood Index, to the program. His index is a 'real world' measure of how prices are increasing much faster than the wages of the 99% can afford.
Executive Summary
- Escalating costs of resource extraction and associated pollution are key headwinds on future economic growth
- For the first time in generations, the same limits to growth that handicapped pre-industrial society are reasserting themselves
- Our economic and political leaders are misdiagnosing the root problem, and therefore prescribing the wrong treatments
- Remember stagflation? Get ready to experience it again – with a vengeance
If you have not yet read The Tangled Relationship between Wealth & Money available free to all readers, please click here to read it first.
The forces driving today’s ongoing economic crisis were sketched out decades ago in the pages of the Club of Rome’s epochal 1973 study, The Limits to Growth. Mention that book to most people nowadays, and those who admit they’ve heard of it at all routinely insist that it made false claims about the future.
The irony – and it’s not a small one – is that this simply isn’t true…
A society in this situation can expand its production of goods and services – its 'wealth economy,' in the terms used in Part I – up to the limits of the environment’s ability to provide resources and absorb waste. Once those limits appear in the rearview mirror, though, any further expansion of the wealth economy runs into two insurmountable difficulties…
Slamming Face-First into the Limits to Growth
PREVIEW by John Michael GreerExecutive Summary
- Escalating costs of resource extraction and associated pollution are key headwinds on future economic growth
- For the first time in generations, the same limits to growth that handicapped pre-industrial society are reasserting themselves
- Our economic and political leaders are misdiagnosing the root problem, and therefore prescribing the wrong treatments
- Remember stagflation? Get ready to experience it again – with a vengeance
If you have not yet read The Tangled Relationship between Wealth & Money available free to all readers, please click here to read it first.
The forces driving today’s ongoing economic crisis were sketched out decades ago in the pages of the Club of Rome’s epochal 1973 study, The Limits to Growth. Mention that book to most people nowadays, and those who admit they’ve heard of it at all routinely insist that it made false claims about the future.
The irony – and it’s not a small one – is that this simply isn’t true…
A society in this situation can expand its production of goods and services – its 'wealth economy,' in the terms used in Part I – up to the limits of the environment’s ability to provide resources and absorb waste. Once those limits appear in the rearview mirror, though, any further expansion of the wealth economy runs into two insurmountable difficulties…
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