Economic Growth

The Limits to Growth was published in 1972 to explore how exponential growth interacts with finite resources.

No exponential development (green curve) can ever become sustainable. The red line shows linear and the blue one cubic growth.

To show how and why the exponential growth of public debts is the most heinous cause of especially long-term effects, is the purpose of this site.

Facing up to the Nation’s Finances is a nonpartisan project on the long-term challenges of the federal budget in the USA. Their national debt chart on the sidebar illustrates the exponential shape of all debt curves. It appears on a blog entry on National Debt Urgency and Primacy.

ChartingTheEconomy.com is a nice US site that makes “visual points” by showing economic charts. The most interesting chart appears under A Different Way to Look at the Federal Debt:

Federal Debt as % of Annual Tax Revenue

It is “interesting” because it makes apparent that the government might as well forget about taxes and only borrow… Unless it remembers that it can issue interest-free money itself. But bankers have told them since 1910 in Jekyll Island that “borrowing is better” while still enforcing taxes.

That is the ethical conundrum of supposedly publicly interested politicians and the private interests of bankers:

  • if long-term thinking politicians could dominate public opinion and understanding of the issues, they would issue interest-free money in addition to, or ultimately instead of, borrowing or taxing
  • as long as central bankers control governments and centralise banking, we stand less and less chances when depending on public services
  • legally enforced pension services become farcical, as they depend on governmental budgets and the long-term development of the value of the money in our pockets
  • the value of our money clearly depends on its availability; by keeping it artificially scarce, it cannot travel beyond the financial industry and feeds less and less the real economy; LETS and barter companies demonstrate how money, as a medium of exchange, can be available as and when required, not by centralised “grandiose gestures” and by people’s desperate demands
  • internationally, the value of our money is manipulated by trading currencies, i.e. another way of making money out of money, also called usury, or riba in Islam, where it is a deadly sin.

NEXT: GDP: Gross Domestic Product

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