[MCN] Some observations on economics of crisis

[Lance Olsen]

Boom --> bust = Party --> hangover. LO

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"He who knows he has enough is rich."
Lao-Tzu
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"The first commandment of economics is: Grow. Grow forever. Companies 
get bigger. National economies need to swell by a certain percent 
each year. People should want more, make more, earn more, spend more 
-- ever more."

Donella Meadows. Just So Much And No More. Yes magazine June 30, 2001
http://www.yesmagazine.org/issues/reclaiming-the-commons/437
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"Consumer expectations of ever-higher living standards were fuelled 
by more lenient and readily available bank lending, the subsequent 
booms in construction and property market sectors  ....  Identifying 
oneself with the good life meant being able to live beyond 
traditional understandings of basic needs. Debt was the price one 
paid for the joys of being part of a hedonistic consumer culture."

Kenneth Dyson.The Morality of Debt. Foreign Affairs. May 3, 2015
https://www.foreignaffairs.com/articles/2015-05-03/morality-debt
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" ... all of us, including scientists, will have to give serious 
thought to the notion that economic growth and true sustainable 
long-term wealth may now be antithetical."

Kurt Cobb, "Should Scientists Embrace Economic Growth?"Scitizen, 16 Oct, 2007
<http://www.scitizen.com/stories/Future-Energies/2007/10/Should-Scientists-Embrace-Economic-Growth/>
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"The recognition that things that are not sustainable will eventually 
come to an end
does not give us much of a guide to whether the transition will be 
calm or exciting."

Timothy Geithner
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