Tag: linear projection fallacy
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If It’s in the Ground, It Can Only Go Down
Newsweek: If It's in the Ground, It Can Only Go Down Note: One of the most persistent and frustrating economic misconceptions I encounter is that we are running out of natural resources. It is integral to the new environmental leftism and center stage in books like Brian McLaren's Everything Must Change. From a superficial intuitive…
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Economic Fallacies: “Linear Projection”
The Linear Projection Fallacy projects present circumstances and trends endlessly into the future without allowing for innovation and societal change. There are about 300 million people in the USA today. About 13% (39 million) would say they were Black, and another 13% would say they were Hispanic. Let's say that by this century's end, we…