Re:Yield curve is blaring loudest recession warning since 2007
by defnmacro on Monday August 05, 2019 @05:26PM
(#20619168)
> infinite growth
Assuming growth is linearly correlated with resources. It's not, wealth can be created though cognitive effort i.e. software engineering.
> finite planet
Assuming humans are bounded to Earth for growth.
The markets are the collective reflection of humanities productive efforts in the form of currency. Saying that growth will cease to exist in the future is the same as saying humanity will cease to be productive, a bet I am not personally willing to make.
Re:Yield curve is blaring loudest recession warning since 2007
by UncleMeat on Tuesday August 06, 2019 @01:50PM
(#20627620)
Doesn't it seem odd that this one example is used every single time people want to make this argument? This is the sort of "the exception proves the rule" situation. Extremely long down periods in established economies are so uncommon that we really only have this one example to use over and over.
Re:Yield curve is blaring loudest recession warning since 2007
by balt_s on Monday August 05, 2019 @07:46PM
(#20620514)
>Your assumption is we have infinite growth on a finite planet, which unfortunately is not the case
You're arguing against an implicit faith in the civic religion of infinite growth, and the cognitive dissonance this causes.
Your assumption is we have infinite growth on a finite planet, which unfortunately is not the case. Eventually the party will be over, and you'll be left with the tab.