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Posts Tagged ‘quantum physicis’

Read The Discount Rate Mismatch

This is very enlightening post by Statsguy, a frequent guest contributor to the Baseline Scenario, that explains why we are at a critical point in economic history.  The entire system is so far in debt that there is no painless way to get out of it.  What would you be willing to sacrifice so that the historic theft of wealth on Wall Street gets justly punished?  Your retirement?  Your pensions fund?  Your home?  And don’t think that Canada would be immune.  Despite having avoided the worst of the 2007 phase of the Financial Crisis, it is far from over and if the U.S. collapses in earnest, there will be nowhere to hide.  This is one of the greatest challenges humanity will face and it is intimately connected to controlling climate change and wether or not the 21st Century descends into the blood bath that was the 20th.   If we chose to continue with more or less the same system… then we will likely pay a nasty price.

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