Quote:
Originally Posted by freebeard
That equation has two sides. Attack the usage side.
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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.