The Most Important Graph in Economics
Most politicians in “both” political parties—and practically everyone in the area where I live—base their economics and voting on this graph:
Unfortunately, they neglect a critical fact:
I’ll leave the conclusions to the reader, but it should be noted that at some point these two lines cross (and may already have done so).
To avoid a collision between the two, we are left with this graph:
Nota bene: The first graph can be interpreted in various ways. The most common way, which I am addressing here, is to conflate the economy with resource consumption. This connection isn’t inherent.