John O'Donnell's guest on this edition of Power Trading Radio is Dr. Pierre Desrochers of the University of Toronto Mississauga. Pierre and John discuss the centuries old concept of the population bomb, as well as the gloom and doom economic scarcity myths of Malthus & Paul Erlich that was a hoax. They also discuss the deception by both scholars to promote a permanent bullish bias of natural resources, as presented in Julian Simon's book "The Ultimate Resource", used to dispel the myths with factual data and logic. Commodity prices will continue to decline per hour of labor across the world by end users as measured by the CRB Index, as mankind's ability to reason, collaborate, and innovate via the division of labor. Conclusion: we need more people, not less.
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