Here’s a though-provoker ht to: the oil drum

http://www.theoildrum.com/node/7603#more

an excerpt:

The amount of wealth that an economy can create is limited by the amount of low-entropy energy that it can sustainably suck from its environment — and by the amount of high-entropy effluent from an economy that the environment can sustainably absorb. Debt, being imaginary, has no such natural limit. It can grow infinitely, compounding at any rate we decide.

 

Aint that the truth?

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