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The production of usable goods and services is necessarily predicated upon available energy to effect such production or service. When available energy (≅ net energy) declines, the production will decline pari passu. The promise (in the form of fiat currency) of future offsets to the decline will ultimately come due, at which time the piper can only be offered wheelbarrows heaping full of inflated cash.
Toggle Commented Sep 27, 2011 on Happy Autumnal Equinox at Question Everything
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Sep 26, 2011