Jeffrey Sachs: “We have to get back to grown-up behaviour”
War in Context
… with attention to the unseen
He betrayed himself as a very conventional economist with one casual remark. He referred to the escalation of mineral and food prices as “the next liquidity-induced bubble”. Very few economists have any real understanding of the non-negotiable natural limits to growth which we have come up against and which are the very root of our financial and social problems. Nature doesn’t negotiate, and nature doesn’t do bailouts.