Energy is a good thing. But it is as obedient to the law of Declining Marginal Utility as everything else. The point is obvious, but I’ll prove it anyway. The real question on the table in this section is this: does it also obey the Rule of The Downside? Do you ever reach the point where further inputs of energy are actually negative…or even disastrous? Is there such a thing as too much energy?
In anticipation of the discussion, here are four observations:
1. Energy cannot be divorced from how it is used
2. The more energy resources come under government control, the more unproductive the system becomes
3. Government is subject to the Rule of the Downside too
4. The debt-drenched economies of today’s developed countries are already on the Downside
Read more: The Rule of the Downside http://dailyreckoning.com/the-rule-of-the-downside/#ixzz2CorwT0BW
2. The more energy resources come under government control, the more unproductive the system becomes
3. Government is subject to the Rule of the Downside too
4. The debt-drenched economies of today’s developed countries are already on the Downside
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