James Leroy Wilson's blog

Thursday, April 16, 2009

Austrian Ecology

Check out my latest at the Partial Observer. Excerpt:
In a real wealth-based economy, natural resources will not be over-exploited from the borrowing of credit money. For this reason alone, environmentalists should embrace the Austrian school of economics that teaches that sound or "real" money is based on a commodity produced from nature, so that all exchanges are of one currently-existing product of nature for another currently-existing product of nature. Greater production in energy-intensive enterprises like home construction would be possible only when there is the money to do so.

1 comment:

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