“We created a way of raising standards of living that we can’t possibly pass on to our children. It has to collapse, unless adults stand up and say, ‘This is a Ponzi scheme. We have not generated real wealth, and we are destroying a livable climate.’”
– Joe Romm, quoted in Thomas Friedman, Is the Inflection Point Near?, New York Times, March 7, 2009.
“Is there any more single-minded, simple pleasure than viewing with alarm? At times it is even better than sex.”
—Kenneth Boulding (1970), p. 160. 
Are free-market optimists the dumb ones who jump off tall buildings and report that everything is fine, even breezy, on the way down? Or are those who fear, rant, and make this analogy bungee-jumping with reality?
The optimists have been jumping off buildings ever since Robert Thomas Malthus’s An Essay on Population was published in 1798–and not hitting the ground.…