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Old 04-24-2018, 10:43 AM   #1447 (permalink)
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Originally Posted by freebeard View Post
That equation has two sides. Attack the usage side.
GDP growth is energy consumption growth. And the only way to pay back the interest on all of the money that has been borrowed recently is to grow at a faster rate. Use energy at a faster rate. We would need an entirely new socio-economic model to procure a more graceful landing after the age of oil. Austerity will be forced on us after the crash.
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