Viewing profile — mendelsd

The EROI literature suggests EROI needs to be much higher than 1 to sustain economic growth. Also, some estimates of solar panel (PV) EROI are as low as 3. This short article addre…

See [1] for a more in-depth analysis of this, and much more. "In America, for example, the benchmark measure of inflation (CPI-U) has been modified by ‘substitution’, ‘hedonics’ an…

Interesting that glucose levels are used, since they are significantly affected by diet: https://biology.stackexchange.com/questions/55853/what-is-th...

Good comment, except I'd point out that plenty of creativity and invention gets employed in the service of rent-seeking: e.g. most of academic economics, and the way it gets used p…

Brexit aside, some well-informed people are advocating a large Sterling devaluation in order to boost competitiveness [1]: "We should directly address our lack of competitiveness b…

You're going to love these guys: https://youtu.be/H5ii0wnMEBs?t=41 https://youtu.be/3j0Jx9IThII

"Manufacturing Consent: Noam Chomsky and the Media" https://www.imdb.com/title/tt0104810/

>> the funds transfered to the customer Well, that's the crux of it right there. You are disagreeing with several authoritative sources who say that no such transfer happens, and i…

OK, how does that gel with a report from S&P [1] that says: “Banks lend by simultaneously creating a loan asset and a deposit liability on their balance sheet. That is why it is ca…

OK, so if each individual retail bank only lends out pre-existing, deposited funds, where does the increase in the money supply come from? Bear in mind that money created as a by-p…

Banks are not merely intermediaries between savers and borrowers. Loans create money, but only loans that are not used to repay other loans result in an increase to the money suppl…

Governments aren't striving for ideal outcomes - government is necessarily a bunch of scoundrels whose chief goal is to stay in power, which is achieved by giving sufficient bungs …

Sorry to post this link at you again, but the problem is a high ratio of financial credit to productive credit: https://youtu.be/N-FDdHj7rPk Low rates, high LTV, and government gua…

Indeed! BTW, you mentioned reservations about possible overspending by Corbyn's Labour. I'm encouraged however by the noises they're making about productivity, e.g. in a recent rep…

"Land by its nature is scarce. A site in Mayfair cannot be reproduced like a pair of shoes. The monopoly rent it commands plays no productive role. It acts as a private tax on the …

If you want to make housing affordable you will need to reckon with this: http://positivemoney.org/wp-content/uploads/2013/04/UK-House... House prices move with mortgage credit gro…

A major factor affecting housing affordability is the quantity of credit being assigned to mortgages relative to investment in the real economy. This is well explained by a profess…

Simon Wren-Lewis argues that increasing supply won't help so long as there exists an arbitrage between rental yields and interest rates. Wealthy people will just outbid everyone el…

Frankie Boyle agrees with you (warning: lots of profanity): https://youtu.be/GtWA3jQN1Pg