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In Denial: We Pursue Endless Growth At Our Peril

A requiem for planet Earth
Friday, May 29, 2015, 9:09 AM

As we've been discussing of late here at, humans desperately need a new story to live by. The old one is increasingly dysfunctional and rather obviously headed for either a quite dismal or possibly disastrous future. One of the chief impediments to recognizing the dysfunction of the old story and adopting a new one is the most powerful of all human emotional states: Denial. » Read more


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Steve Keen: The Deliberate Blindness Of Our Central Planners

Choosing to ignore the largest risks
Sunday, March 29, 2015, 11:20 AM

The models we use for decision making determine the outcomes we experience. So, if our models are faulty or flawed, we make bad decisions and suffer bad outcomes.

Professor, author and deflationist Steve Keen joins us this week to discuss the broken models our central planners are using to chart the future of the world economy. » Read more


Peak Prosperity

Energy & The Economy - Crash Course Chapter 22

Why society will be forced to become less complex
Friday, November 21, 2014, 8:17 PM

In the past few chapters on Energy EconomicsPeak Cheap Oil, and the false promise of Shale Oil, we've gone into great detail to show how our economic growth is deeply dependent on our energy systems.

Understanding the known facts behind this story, as well as each of the stated risks is what The Crash Course is about: assessing those risks and deciding what, if anything, a prudent adult should do about adapting to these realities and facing these risks. 


Peak Prosperity

Energy Economics - Crash Course Chapter 19

THE reason why growth will be more scarce in the future
Friday, October 24, 2014, 6:45 PM

The central point to this latest video is this: as we’ve shown in previous chapters of the Crash Course, our global economy depends on continual growth to function. And not just any kind of growth; but exponential growth.

But in order to grow, it must receive an ever-increasing input supply of affordable energy and resources from the natural world. What I’m about to show you is a preponderance of data that indicates those inputs will just not be there in the volumes needed to supply the growth that the world economy is counting on. » Read more


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Dan Amerman: Will Our Private Savings Be Sacrificed To Pay Down The Public Debt?

Beware of 'financial repression'
Sunday, October 19, 2014, 10:06 AM

Recently, an article by Daniel Amerman caught our attention. Titled Is There A “Back Door” Method For The Government To Pay Down The Federal Debt Using Private Savings?, it details the process known as financial repression, where sovereign debts are slowly paid off by syphoning private savings from an unaware populace.

In this week's podcast, Chris discusses the mechanics of the process, as well as its probability, with Dan. » Read more


Peak Prosperity

Quantitative Easing - Crash Course Chapter 10

What exactly is this process that the world is betting on?
Friday, August 22, 2014, 8:34 PM

At the exponential pace at which the Fed is increasing the money supply, and knowing the huge challenges the Fed – and most other world central banks  - face in trying to stop or even slow down their money printing, the potential for a disruptive global inflationary period is very real.

So what exactly is quantitative easing» Read more


This chapter of the new Crash Course series has not yet been made available to the public.

Each week over the rest of 2014, in sequential order, a new chapter will be made publicly available (we've currently published up to Chapter 2)

If you don't want to wait, you can:



Michael Shuman: The Benefits of Deploying Investment Capital Locally Vs Wall Street

Better returns, stronger communities
Sunday, March 23, 2014, 5:01 AM

The Federal Reserve and other central planners have worked overtime to lead the world back to "recovery" from the depths of the 2008 financial crisis. Using one of their main signaling indicators, they've succeeded: stock market indices are hovering near all-time highs.

But, as has been often discussed here, are we really better off for it?

Recent survey data from Bloomberg show that 4 out of 5 Americans don't feel any more financially secure as a result of the stock market rescue. 62% believe the country is headed in the wrong direction: » Read more



Dan Ariely: Why Humans Are Hard-Wired To Create Asset Bubbles

Our evolutionary programming often works against us
Saturday, February 15, 2014, 12:25 PM

Renown behavioral economist Dan Ariely explain why humans are biologically wired to make irrational decisions when money is involved. It's a case of our evolutionary wiring interfering with the decisions we face in a modern world very different from the one our ancestors adapted to.

In this podcast, Chris and Dan explore the human cognitive triggers that have led us to our third major bubble in 15 years (tech stocks, housing, credit) and why our natural programming often works against our best interests. In certain cases, like the banking sector, bad decision-making has become so ingrained in our institutions that Ariely thinks the "clean slate" approach is our best option should we have the courage to deploy it: » Read more


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Marianne Williamson: We Must Maintain a Healthy Sense of Protest

Speak truth to power
Saturday, December 28, 2013, 1:16 PM

Partisan politics is something we actively avoid discussing on this site. Instead, we prefer to operate in the domain of provable fact. But that doesn't mean that we have written off the political process entirely. » Read more