Go read Tomas Sedlacek
“We sold stability and we bought growth. What we need to do now is do exactly the reverse. We need to sell growth and buy stability back.”
Last week, the McAlvany Weekly Commentary featured economist Tomas Sedlacek. I've never heard him -- or any economist like him -- before. Mind = blown.
He has a book titled Economics of Good and Evil: The quest for Economic Meaning from Gilgamesh to Wall Street, which was a bestseller in his native Czechoslovakia. I'm reading it right now.
If you'd like a short teaser, here's a TED talk Sedlacek did back in 2012. One choice quote:
It is not the lack of growth that is causing all these troubles. It's too much growth that caused the trouble.
Why? Because we always wanted to grow a little more than the economy would. This is what created the debt and that is what is running our system down.
Let us know what you think in the comments.
(Top image by Perper tui)
