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James Quilligan

James Quilligan is tagged in 1 stories.
Beyond Supply and Demand: The Dynamic Equilibrium Between Global Thresholds and Allocations
Beyond Supply and Demand: The Dynamic Equilibrium Between Global Thresholds and Allocations

Finance & Investment / As a monetary adviser, I spent many years questioning bankers on the authenticity of their balances sheets. What stood out most for me in these discussions was this: the social demand for commodities is often claimed by banks as having a direct link with the ecological supply of resources which are extracted, produced and sold as commodities. But this just isn’t true. Bank reserve assets are not discounted to reflect the decline of the world’s non-renewable resources. In fact, as society’s ecological debt continues to mount, no one is actually keeping track. - 6 years ago