When we have a financial problem it's so politically difficult to sell or explain the necessity of using less, that we just create more credit. Every single time we've hit a debt ceiling in there's a bunch of wrangling and political arguing and chicken little dumarism,. Then all of a sudden we raise a debt ceiling. And it's almost like the boy who cried f because we've been warning about a fiscal cliff and a debt crisis for a long time but it doesn't seem to really matter. What really is the problem with debt? Is debt necessarily a bad thing? Unpack that a little bit. This is a big topic. If we go into debt, with interest bearing
Show Summary:
On this episode we meet with ecological economist and Professor in Community Development & Applied Economics and Public Administration, Josh Farley.
Money. What is it? Where does it come from? How is it created? How is it tethered to our biophysical balance sheet? What is on the horizon with our monetary system? How might we create and use money differently in the future during a source and sink contained system? Josh Farley explains it all - and explains how the links between money, energy, and the economy will become more central in our lives.
Click here to listen to Josh and Nate’s first conversation.
About Josh Farley:
Joshua Farley is an ecological economist and Professor in Community Development & Applied Economics and Public Administration at the University of Vermont. He is the President of the International Society for Ecological Economics.
For Show Notes and Transcript visit: https://www.thegreatsimplification.com/episode/29-josh-farley