https://gregladen.com/blog/2012/04/19/beware-the-false-profits-as-it/ Fri, 20 Apr 2012 09:58:00 +0000 hourly 1 https://wordpress.org/?v=6.4.6 https://gregladen.com/blog/2012/04/19/beware-the-false-profits-as-it/#comment-492299 Fri, 20 Apr 2012 09:58:00 +0000 http://scienceblogs.com/gregladen/2012/04/19/beware-the-false-profits-as-it/#comment-492299 A circle, obviously. A pyramid works only if it is really a straight line that goes on forever, but it will usually self destruct because the basis for its exchange is always limited. (I.e., in truth, property prices can not sustain constant outrageous growth so an economy based on that crashes. Same with gold prices, etc.) But a circle could work … think of it more as a snake that eats its own tail.

]]> https://gregladen.com/blog/2012/04/19/beware-the-false-profits-as-it/#comment-492298 Fri, 20 Apr 2012 09:17:52 +0000 http://scienceblogs.com/gregladen/2012/04/19/beware-the-false-profits-as-it/#comment-492298 It always struck me that our whole economy is a bit like a pyramid scheme – all based on continuous growth. There must be another model to work in declining populations, but I don’t think anyone has worked it out yet.

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