We're like a 12 year old who inherited a large amount of money and is spending it down as if it were interest, when it's actually capital. So we have basically labor force of 500 billion human worker equivalents added to our global economy. Our workers, you know, five billion of us real humans and 500 billion of these energy armies, they are getting weaker or are less productive overtime. And in that you can't print that. You can only extract faster.
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