4 ms·
There's a much much simpler explanation for the stagnation of real GDP. You have to look at energy consumption (joules / year). The correlations are uncanny and
by H8crilA 7y ago
There's a much much simpler explanation for the stagnation of real GDP. You have to look at energy consumption (joules / year). The correlations are uncanny and seem to explain just about everything.
https://youtu.be/wGt4XwBbCvA https://youtu.be/wGt4XwBbCvA
https://www.resilience.org/stories/2015-02-06/charts-showing-the-long-term-gdp-energy-tie/ https://www.resilience.org/stories/2015-02-06/charts-showing...
http://illusionofprosperity.blogspot.com/2012/04/total-energy-consumption-vs-real-gdp.html http://illusionofprosperity.blogspot.com/2012/04/total-energ...
It's so simple and accurate that I have no idea why doesn't everybody know about this. It better than discovering central banking.