Archive | October, 2017

An ecological view of Trump’s trade war

Whether you regard President Donald Trump’s rejection of America’s trade agreements as a good thing or a bad thing, few people understand what canceling them would mean. From an ecological point of view, abruptly pulling out of trade agreements, agreements which have resulted in innumerable long-term investments and commitments, is the ecological equivalent of a […]

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Natual Gas Projections:

Revisiting Conventional Wisdom Just when you think you have a good handle on the facts, along comes a study that casts doubt on some of the “conventional wisdom.” At least, that was my reaction when I read a summary of two recent reports on natural gas projections.  Among the “blockbuster” findings were the following: Fracking […]

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The Italian experiment and the truth about government debt

Money is a slippery concept. Today we think of it as paper certificates and coins. But actually, anything that is generally accepted in trade can be considered money. The rise of cryptocurrencies is demonstrating this truth. In wartime scarce but desirable and easily transported commodities such as cigarettes, alcohol, jewelry and valuable paintings can act […]

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Puerto Rico: When the electricity stops

When the electricity stops in modern civilization, pretty much everything else stops. Not even gasoline-powered vehicles can get far before they are obliged to seek a fill-up—which they cannot get because gas pumps rely on electricity to operate. When I wrote “The storms are only going to get worse” three weeks ago, I thought the […]

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