***********************************EXCERPT*****************************************
RHS says:
Remember, most things are treated as a debate in a vacuum until it hits the pocket books of the populace. We may just have to feel this pain point until it hurts, which is stupid as all get out…
***************************************EXCERPT*******************************************
DirkH says:
kramer says:
December 23, 2010 at 12:09 pm
““The existence of an artificially cheap energy system leads to an economy which grows to rapidly relative to what it would be if we had efficient pricing and a full cost ”
~1:50 in the following video:
http://www.youtube.com/watch?v=Za8SGVBSOMM
”
Interesting. She correctly points out that higher energy prices leads to less demand of labor (but uses different words than me; saying it would lead to less hours worked per year, which is economically the same thing). Calling the energy in America “artificially cheap” is of course a distorted worldview – as if energy naturally has to come with taxes that are twice as high as the value of the energy (in Europe, tax on gasoline is usually about 70% of the price at the pump). So, she has a kind of a working brain, but one where up is down and down is up.