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Ed, You said: "I've recently heard comments about work done by economists. The basic thrust of these comments is that economists do little more than rationalize and support what the market system, already in a state of overshoot, is doing by continuing to grow. Yes indeed many economists do that and thus help promote the notion that growth is good and can continue forever." The “notion that growth is good and can continue forever” is not a function of the free market but a goal of the controlled economy. The action of the free market is continually to
supply
better goods at cheaper prices. The intention of the controlled economy
is to
take any measure necessary that will “keep things going” - from
subsidies to
inflation. I would argue that this is a problem because
continually
rising land costs constantly push the edge of the envelope. When it
becomes too
much for the economy to bear, we go over the edge – which is happening
now. To avoid the crash, modern controlled economy
economists keep
expanding the economy, but they are running harder and harder to stay
in the
same place. So don’t blame expansion on the market economy,
for we only
have bits and pieces of it. But, I enjoyed your review. Harry
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