I read the work several days ago. Also noted that it states energy shortage as a crisis provoking factor. Today's gradual but steady substitution of fossil fuels by renewables goes against that.
Photovoltaic and wind power prices are diminishing by the day. Some public biddings for electric power from solar are cheaper now than their cheapest ff competitor: natural gas.
Offshore wind farms are also getting cheaper.
And your can see what's happening to oil prices.
I really don't buy Martenson's doom and gloom scenario.
In general inflation has been reduced to asset inflation. CPI has evolved with great moderation. As well as wages. The Fed, however seems to be beginning a substantial tightening cycle.
Maybe at some time EJ will be on a position to review his theory. Let's wait.
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