[Electronic-lan] The Growth Ponzi Scheme

[Eric Kirkendall]

I expect a lot of readers of this list server are familiar with the *Growth
Ponzi Scheme <https://nam01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.strongtowns.org%2Fthe-growth-ponzi-scheme&data=02%7C01%7Celectronic-lan%40lists.ku.edu%7C2b9c07cc57dd45517f7508d6da52dced%7C3c176536afe643f5b96636feabbe3c1a%7C0%7C0%7C636936446758325971&sdata=Y7b2MuI8Cted2GLVR6mxZ4Uyiu8vHtEWh8yNeQxZDnE%3D&reserved=0>*.

For those who are not, this is an excellent, fact-based and eye-opening
article, and part of the reason I respect the Lawrence citizens, staff, and
city commissioners who are trying to manage our growth, and as much as
possible, keep it within current city boundaries.

"What we have found is that the underlying financing mechanisms of the
suburban era — our post-World War II pattern of development — operates like
a classic Ponzi scheme, with ever-increasing rates of growth necessary to
sustain long-term liabilities. "

For those who think is is not the scenario today, I believe it is.  We
recently build a huge new recreation center, and are planning other new
city buildings, but don't have the money to properly maintain our roads or
other infrastructure.

Regards,

Eric Kirkendall
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