Edward Chancellor: "The Price of Time"
The Great Simplification with Nate Hagens
00:00
The Disconnection of Our Monetary System
We are basing a financial and economic system on interest that we get from the hydrological flows of the sun. We're depleting 10 million times faster than they were trickle charged by daily photosynthesis in the form of coal, oil, natural gas,. copper, other things. So how do you see that disconnect of our monetary system is treating these non renewable resources kind of as if they were interest when they're really drawing down capital? Yeah, that's the point that my old boss Jeremy Grantham at GMO often makes.
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