Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (72522)	9/7/2000 8:50:49 AM
From: Tommaso	Read Replies (1) \| Respond to of 95453

"The only valid public policy response to higher energy prices is to prevent them from feeding through into the general level of prices and wages by adjusting monetary policy. " Nowadays "adjusting monetary policy" means raising interest rates, and that could constrict all sorts of economic activity. What a strange response! It says nothing about setting about immediately to find other sources of energy, or to invent ways of conserving energy further. It was a great misfortune that nuclear power got identified with bombs and that the identification was confirmed by the Russian incompetence at Chernobl. The famous 3-mile Island accident in the US actually had few effects except to give nuclear-power foes an argument.