Tag Archives: thomas malthus

Is It That Technology Changes Too Fast, Or Is The Government Holding Us Back?

Is It That Technology Changes Too Fast, Or Is The Government Holding Us Back?

There are two mistaken ideas about economics that, throughout history, significant numbers of people make again and again. One is the Malthusian idea about diminishing resources. This has been around since Thomas Malthus wrote about humanity outgrowing its ability to produce food, which would inevitably lead to widespread famine according to Malthus. Of course, that

US Oil Production Grew More In 2012 Than Any Other Year In History

Remember “peak oil?” The theory that we would one day run out of oil – just a few decades ago people were predicting it would happen in our lifetimes – has been, along with “global warming,” the primary justification for billions of dollars in government largess dumped on the so-called “green” or “renewable” energy industry.

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