Wednesday, February 22, 2012

The Case for Soft Money

The case for soft money
As the economists are telling us, the economy must grow. That means, the economy’s mortgage with the banks also must grow. That mortgage is our constant companion. There is no way to pay it back – ever – unless we want to shut down the economy, which clearly we don’t want to. So with every per cent of economic growth, we are digging a larger hole. We must now pay more for the privilege of using money, or face disaster. We must cut more trees, extract more oil, grow more food, produce more consumer goods, all in the name of keeping going. It is the end stage of growth, brought about by our continued ignorance of some important facts about economic affairs. Sepp Hasslberger

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