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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (166325)11/22/2008 12:38:46 PM
From: neolibRead Replies (1) of 306849
 
Those are consuming energy, not producing it.

Using currently available technology (20% efficiency PV) it would cost about $2T to generate the energy equivalent of all our imported oil. The cost of converting all the use infrastructure would be on top of that. Yes, it would be a very large disruptive event in the economy, and likely spawn many new companies and much economic growth. But the fact remains that it is difficult to do much in the first 6-12 months, and the next 6-12 months is likely to see most of the damage from the current crisis.

Keynesian economics is about evening out the dips. There is no point in boosting things once the dip is past. In fact, that is why the current dip is so bad, we were boosting things just prior to it when we should not have been boosting them.
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