Thursday, September 19, 2013

Money-printing masking the effects of #peakoil, for now

Figure 2. US Ten Year Average Real GDP growth, based on BEA data.
Our Finite World: "When the amount of resources is not expanding rapidly, printing money can temporarily inject pseudo resources into the system, making things temporarily look better than they are. Of course, when this money printing stops, the temporary improvement is likely to disappear."