28 Sep '13, 4pm

#peakoil A Supply Side Nightmare Scenario: Paul Solman: This past winter, economic historian James Livingston,...

#peakoil A Supply Side Nightmare Scenario: Paul Solman: This past winter, economic historian James Livingston,...

What we have seen in the past few decades is an unprecedented global explosion of cheap labor and cheap money. This trend is a huge driver of the developed world’s economic problems. Yet most policy makers, not to mention ordinary citizens, barely understand what has happened and, worse, many political leaders, economists, and think tanks still embrace a set of solutions to today’s economic malaise that aims to create even more supply — call them supply-side zombies if you will.

Full article: http://peakoil.com/consumption/a-supply-side-nightmare-sc...

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