Unraveling The Secular Stagnation Story

By Steven H Hanke – Re-Blogged From http://www.Silver-Phoenix500.com

Secular stagnation is said to be present when economic growth is negligible or nonexistent over a considerable span of time. Today, secular stagnation has become a popular mantra of the chattering classes, particularly in the United States. The idea is not new, however.

Alvin Hansen, an early and prominent Keynesian economist at Harvard University, popularized the notion of secular stagnation in the 1930s. In his presidential address to the American Economic Association in 1938, he asserted that the U.S. was a mature economy that was stuck in a rut. Hansen reasoned that technological innovations had come to an end; that the great American frontier (read: natural resources) was closed; and that population growth was stagnating. So, according to Hansen, investment opportunities would be scarce, and there would be nothing ahead except secular economic stagnation. The only way out was more government spending. It would be used to boost investment via public works projects. For Hansen and the Keynesians of that era, stagnation was a symptom of market failure, and the antidote was government largesse.

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Weekly Climate and Energy News Roundup #237

The Week That Was: August 20, 2016 – Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Seeking a Common Ground: One of the challenges in preparing TWTW is reaching as broad a readership as possible with brief discussions of scientific issues. The readers have various scientific backgrounds. TWTW is translated into several European languages and is read in academic or research institutions in Russia and China. For these reasons, the writing tends to be terse, with little or no technical language or jargon. Of course, people object to some statements in TWTW, and significant objections are generally addressed in subsequent issues.

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Exploitation of Environment and Climate for Political Agenda Reverses Education and Research Processes

By Dr. Tim Ball – Re-Blogged From http://www.WattsUpWithThat.com

While preparing a list of witnesses for my upcoming trial in February 2017, I was reminded of a pattern that contradicts the natural order of education and research. The issue was triggered by a comment by Mark Steyn.

~Climate mullah Michael E Mann’s lawsuit against me has been stalled in the clogged latrine of DC justice for four years – indeed, it’s stalled so long that a key witness has died. So this month I filed a “Renewed Request for Expedited Hearing and to Lift Stay of Discovery” to get the buggers moving again.

The natural and necessary order is that students are urged to question. They should follow the advice of Hindu Prince Gautama Siddharta.

Do not believe in anything simply because you have heard it.

Do not believe in anything simply because it is spoken and rumored by many.

Do not believe in anything simply because it is found written in your religious books.

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Climate Philosopher Demands a Tax on Children

By Eric Worrall – Re-Blogged From http://www.WattsUpWithThat.com

h/t JoNova, Marc Morano – Climate philosopher Travis Rieder has been touring the country, trying to persuade university students not to have kids – and promoting ideas for restricting childbirth, including tax penalties against people who decide to have a child.

Should We Be Having Kids In The Age Of Climate Change?

Standing before several dozen students in a college classroom, Travis Rieder tries to convince them not to have children. Or at least not too many.

He’s at James Madison University in southwest Virginia to talk about a “small-family ethic” — to question the assumptions of a society that sees having children as good, throws parties for expecting parents, and in which parents then pressure their kids to “give them grandchildren.”

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Germans Warned To “Stockpile Cash In Case Of ‘War”

By Mark O’Byrne – Re-Blogged From http://www.Gold-Eagle.com

The German government is warning its people to ‘stockpile’ food, water and cash in case of ‘war’.

For the first time since the end of the Cold War, the German government is set to tell citizens to stockpile food, water, medicine, fuel and cash in case of war, an attack, catastrophe or “national emergency”, the Frankfurter Allgemeine Sonntagszeitung newspaper reported on Sunday.

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Proof The Economic Recovery Has Ended

By Michael Pento – Re-Blogged From http://www.pentoport.com

The primary data point that the perennial bulls on Wall Street claim as evidence for an improving economy is the monthly jobs number. The Non-farm Payroll Report claimed that 255,000 jobs were added in July on a seasonally adjusted bases. This number was well above the 12-month average of 190,000. And according to the Bureau of Labor Statistics (BLS), at total of 1.66 million additional people have been employed thus far in fiscal 2016, making this the one bright spot in the economy.

And with 1.66 million additional paychecks flooding the economy, one would assume the U.S. Treasury was flush with new tax receipts, which would assist in reducing the budget deficit. However, according to the Treasury Department, the deficit came in at $112.8 billion in July, the highest since February’s $192.6 billion. For the first ten months of the fiscal year, which ends Oct. 1, the budget deficit was $513.7 billion, up from $465.5 billion a year earlier.

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The Inflation Imperative

By Gary E Christenson – Re-Blogged From Deviant Investor

The western welfare states (US, UK, EU etc.) have borrowed more digital currency than can be repaid at current values. The choices are:

Massive inflation: a bad choice

Default: an even worse choice

From Jim Rickards (Strategic Intelligence – Sept. 2016 issue):

“Given the non-sustainability of sovereign debt under current monetary regimes and the necessity for global inflation, there are three possible endgame scenarios facing us now.”

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