An MMT site bringing you dogma-free economics without the pleadings of self interest
Monday, May 16, 2011
A post hydrocarbon future?
Can the world handle the addition of an army of Far East consumers? Will their consumption patterns mirror that of the U.S.? What will this mean for the standard of living for the rest of the world? To be sure, U.S. politicians and talking heads will not worry about the aforementioned concerns. Instead, we will be bombarded by talk of "unsustainable debt" and the glory of the "free market".