The Oil Drum

248 comments on The Case for Inflation from a Plateauing Supply

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jim burke on April 12, 2007 - 7:39pm

This is a fascinating thread, but perhaps we should simplify it and take it a step further?

Since there is wisdom in the collective, why not do a simple poll?

"Do you think PO will result in"

a) high inflation/stagflation
b) little meaningful change
c) deflation

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btu on April 12, 2007 - 7:57pm

d) total chaos

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“This order [i.e. capitalism] is now bound to the technical and economic conditions of machine production which today determine the lives of all the individuals who are born into this mechanism, not only those directly concerned with the economic acquisition, with irresistible force. Perhaps it will so determine them until the last ton of fossilized coal is burnt.”

—Max Weber, 1905