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In a continuation of the last episode I examine my favorite explanation for the inflection point in 1971: that this is when energy decoupled from economic growth. Economic output which has no connection to energy usage is a new and strange beast, much easier to manipulate in ways that produce inequality and inflation and all the other ills which have afflicted us since the early 70s.
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In a continuation of the last episode I examine my favorite explanation for the inflection point in 1971: that this is when energy decoupled from economic growth. Economic output which has no connection to energy usage is a new and strange beast, much easier to manipulate in ways that produce inequality and inflation and all the other ills which have afflicted us since the early 70s.
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