{"id":58588,"date":"2021-07-13T08:12:18","date_gmt":"2021-07-13T13:12:18","guid":{"rendered":"https:\/\/olduvai.ca\/?p=58588"},"modified":"2021-07-13T08:20:18","modified_gmt":"2021-07-13T13:20:18","slug":"myth-22-nate-hagens-discredits-claim-we-can-always-get-more-resources-if-we-have-more-money","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=58588","title":{"rendered":"Myth #22: Nate Hagens discredits claim \u201cWe Can Always Get More Resources If We Have More\u00a0Money\u201d"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"https:\/\/citizenactionmonitor.wordpress.com\/2021\/07\/05\/myth-22-nate-hagens-discredits-claim-we-can-always-get-more-resources-if-we-have-more-money\/\">Myth #22: Nate Hagens discredits claim \u201cWe Can Always Get More Resources If We Have More\u00a0Money\u201d<\/a><\/h3>\n<p><strong>\u201c<em>We can create money, but we cannot create energy, only extract what exists \u2014 FASTER.\u201d<\/em><\/strong><\/p>\n<p><em>\u201cWe can create money, but we cannot create energy, only extract what exists \u2014 FASTER. And importantly, when money is created the interest is not. This creates a growth imperative for our economy to be able to pay interest in the future. Whenever we\u2019ve encountered resource or energy limits \u2013 for example, the 1970s \u2013 we started to use the social construct of credit to overcome the near-term economic pain. In every single year since 1965, the United States and the world have grown their total debt more than they\u2019ve grown their economies.\u201d<\/em>\u00a0 \u2014<strong>Nate Hagens<\/strong>, from his Myth #22<\/p>\n<p>My transcript of this repost focuses on Nate\u2019s 2:55-minute crash course in economics \u2013 a valiant attempt to explain to the untutored (like myself) the relationship between money and resources. Without fully understanding his explanation, I\u2019ll just accept at face value that he effectively discredits\u00a0<strong>Myth #22: \u201cWe Can Always Get More Resources If We Have More Money.\u201d\u00a0<\/strong>Myth #22 is one of 33 myths Nate covered in his May 21st Earth Day talk titled,\u00a0<em>Earth and Humanity: Myth and Reality.\u00a0<\/em>The beauty of his 2hr, 52min long, information-rich Earth Day talk is that it is more of an indexed reference tool for recurrent consultation than a lecture meant to be assimilated in one sitting.<\/p>\n<p>At the bottom of this post is a complete time-stamped list of the titles of all of Hagens\u2019 33 myths, plus his opening Introduction and closing Interventions (and Wild Ideas). The myths can be watched in any order \u2014 but, as Hagens mentions, the order decided on seems logical.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Myth #22: Nate Hagens discredits claim \u201cWe Can Always Get More Resources If We Have More\u00a0Money\u201d \u201cWe can create money, but we cannot create energy, only extract what exists \u2014 FASTER.\u201d \u201cWe can create money, but we cannot create energy, only extract what exists \u2014 FASTER. And importantly, when money is created the interest is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,4],"tags":[30675,1647,536,12346,681],"class_list":["post-58588","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-environment","tag-citizen-action-monitor","tag-finite-resources","tag-money","tag-nate-hagens","tag-resources"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58588"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58588\/revisions"}],"predecessor-version":[{"id":58589,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58588\/revisions\/58589"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}