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zoidberg, it is pure hubris on your part to suggest Americans would flee to Canada.

Canada and America are so interconnected that any eventually that renders America worthy of fleeing would be equ ...

This story is false. The refugees being discussed are not Americans but primarily Mexican illegal immigrants fleeing the U.S. for fear of deportation. The Canadian article quotes:
"I don't believe th ...

What oil shortage? Anyone can get all the oil they want for $102 a barrel. 'Shortages' are a peculiar occurance existing during sudden disasters and during government price controls.

As long as th ...

Alan Greenspan's latest book has a very good insider perspective of the 1987 credit freeze. But it is an odd feature of economics literature that while stock markets have been studied to death, there ...

Are you sure about that?

Are you saying that there would be the same quantity of condominiums built if developers couldn't borrow money to build them?
No. If 'credit' was outlawed tomorrow then I ...

Slavery was a competitive enterprise consisting of many competing firms. While the market price of all slaves at the height of U.S. slavery was many times annual GDP, the situation is no different fro ...

Not if the lifestyle is based on the availability of easy credit that could dry up overnight.
True, but only for the individual. the money you borrowed for your TV came from someone else that chose ...

Your equation is true if and only if human population has grown to maximize the available energy + technology. That school teachers are taking their families on cruises in the carribean we know this i ...

I noted this elsewhere, but did anyone else notice that British banks completely stopped loaning to each other for a while on Monday? Is such a spontaneous freeze common?
Every decade or so. Why?

What is the oldest electronic device you currently use?
My parents have a microwave from 1981. They bought it at the PX in Germany and have continued to use it ever-since. We also have an Apple IIc f ...

The current financial situation has nothing to do with peak oil. It will blow over in a year or three.

That said, high oil prices are not here to stay. It is a fact of life that no economy can esc ...

A few years? You are making the opposite mistake by being over pessimistic. A growing quantity of electronics no longer use transformers, opting instead for switched-mode power supplies which do not c ...

mos6507, you are absolutely right.

I was not thinking they would be using the batteries in the laptops, I presumed it would be direct power during the day, or perhaps with acid bath batteries.
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To the best of my knowledge only third world governments have implimented price controls, and without them shortages are very hard to come by. As such, to say the price does not matter as long as it i ...

Concerned, like I said, technology is not as fragile as you pretend. A ravaged African country does not have any of the infrastructure you speak of, yet the citizens have and operate cell phones.

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