3) Waste. What are the costs of growth? Waste, in the form of bad entropy should be disincentiveized. This may be accomplished through firm regulations in the most egregious cases, or through taxation in fuzzier circumstances (i.e., carbon tax). It is not worth growing financially on the short-term if we are stuck living in the midst of toxic waste products for the long-haul. And we need to consider waste more broadly, with carryover across vast systems. Waste may be financial (bad loans and foreclosures), environmental (empty houses), human (failing neighborhoods and homeless children), ethical (greed and huge financial disparities), or in the case of the current crisis: All of the above. Let me know what you think.

-Dr. Dave

* Thanks also to Clint Sprott for the "fractal of the day" image above

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