A potential “soft landing” for the US economy might just be in sight. The end-of-year decline in retail sales and industrial production were reminders that the economy is slowing, but January saw signs that the economy might still be growing too fast for the Fed’s liking.1 Some additional obstacles have appeared…...
The Costs of Fuelling Economic Growth
A study of ten large global economies shows that exergy – not human labour – is the primary driver of GDP growth. Existing production models cannot explain growth. A new generation of smart machines could possibly replace a large proportion of existing human occupations, according to the World Economic Forum. But even…...
