From Europe’s deadly heat to floods in Asia, it’s been a terrifying summer. Environment writers Jonathan Watts and Ajit Niranjan answered Reddit users’ questions about their work – and their sources of hope
The thing is that much of economics is basically just about shuffling imaginary money into billionaire pockets. Without those leeches, the economy can be quite a bit smaller while the masses get wealthier, not poorer.
I find degrowth unconvincing. People find inflation untenable, what would happen if that was desired outcome of policy?
The thing is that much of economics is basically just about shuffling imaginary money into billionaire pockets. Without those leeches, the economy can be quite a bit smaller while the masses get wealthier, not poorer.
The current system desires inflation of 2% or so.