The Great Simplification with Nate Hagens cover image

Herman Daly: "Toward an Ecological Economics”

The Great Simplification with Nate Hagens

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The Gifts of Science

Frederick soddy was a chemist who won the nobel prize in 19 26. He realized that, as a result of the theory he had helped develop, what they then call sub atomic energy would become available. And so he said, well, it's because of the economy. Our economy's screwed up and we don't know what we're doing. We create money out of nothing, and we destroy it into nothing. Money is supposed to be the symbol or counter for real wealth. If if the symbol we use can do things which the reality that it's supposed to symbolize cannot do, then we're going to screw up. And we already are, and we have been.

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