Research

Heat Death of the Economic Universe

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Heat Death of the Economic Universe

In physics, the heat death of the universe occurs if all matter is moving apart. If it happens, it will be long after we’re gone. But there’s a troubling move towards the heat death of the economy. There is a diminishing return on debt. CEO Keith Weiner gives a lecture for the Ayn Rand Centre […]

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Marginal Productivity of Debt

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Understanding the marginal productivity of debt is key to understanding whether the amount of credit created is unsustainable, resulting in the failure of the monetary system and loss of everyone’s savings. Falling Productivity of Debt introduces the idea of the marginal productivity of debt, that is, how much additional GDP is added for each newly-borrowed […]

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