[Electronic-lan] The Growth Ponzi Scheme

[David Schauner]

Eric,

Great article. When I was on the CC IN 2003-2007 the opposition called opposition to expansion being anti-business and anti-growth. In reality it was a realization that growth does not pay for itself and requires more growth to pay for current expansion.

David Schauner

Sent from my iPhone

> On May 16, 2019, at 6:03 PM, Eric Kirkendall via Electronic-lan <electronic-lan at lists.ku.edu> wrote:
> 
> I expect a lot of readers of this list server are familiar with the Growth Ponzi Scheme.  
> 
> 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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