Kiril Sokoloff: “What’s the Most Important Question in Today’s World?”
The Great Simplification with Nate Hagens
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How Do We Get There From Here to Day?
We create more money to solve the problem, rather than innovate or tighten our belts. Our monetary claims on reality are accelerating where our underlying biophysical balance sheet is declining. How do you see that unfolding in the coming decade or so? Well, this is one of the weakness of democracy, is that you give the people what they ask for. And if they 're in trouble because of rising prices, then give them subsidies. And the subsidies, of course, keeps demand going. i said for years and years the best thing to do would beo lock in the price of oil at 200 dollars a barrel and make sure it never went down. But of course, that isn't what happened
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