Bankers are bankers, after all. Their product is money. But they have gold in their vaults for a reason. It was money before paper was money. So September 26th may mark the end of the orderly and coordinated management of gold sales by European Central Banks. And it may mark the beginning of a new monetary era where gold reasserts its importance as money…
January 28th, 2009 | Dan Denning | 2 comments | ContinuedAll Posts Tagged With: "malthus"
Thomas Malthus and the Global Food Crisis
Thomas Robert Malthus, the English economist, is coming back into fashion. It is his Essay on Population, 1798, which first states the Malthusian argument: “The power of population is indefinitely greater than the power in the earth to produce subsistence for man. Population unchecked, increases in a geometrical ratio. Subsistence increases only in an arithmetical ratio. A slight acquaintance with numbers will show the immensity of the first power in comparison of the second.”
April 18th, 2008 | Dan Denning | 6 comments | Continued