Join the Crazy Townies as they swap stories around the virtual fire about spending virtual money in the virtual world. And get advice on how to do the opposite from Nate Hagens, expert on energy, ecological economics, and finance.
These crises offer a vivid illustration of the cruel nature of elite rule and expose economic myths that have long convinced everyday people that their deprivation is inevitable. There is an opportunity here to open up space for a new society to emerge. Activists must seize it.
Many of the severest crises we’re facing at present – e.g. climate instability, biodiversity collapse, the depletion of vital resources, and the dangerous compromise of ecosystem health through the spread of waste plastic and other pollution – stem directly from economic expansion hitting against ’hard’ limits in the physical world.
Money creation, like alchemy, is shrouded in ambiguous language and yields eternal wealth! For most of history these secrets have been used to empower sovereigns to spend money without the painful business of taxing or borrowing.
The models we use for decision making determine the outcomes we experience. So, if our models are faulty or flawed, we make bad decisions and suffer bad outcomes.