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To: pater tenebrarum who wrote (57476)1/12/2001 9:52:36 AM
From: Don Lloyd  Read Replies (1) | Respond to of 436258
 
hb -

Don, i agree that initially, such a new energy source would be actually disruptive, as it would destroy the existing energy industry. but the costs of dependency on fossil fuels are not simply just economic costs: there's a huge environmental cost involved as well. and in the long run, an energy source that is both economically and environmentally more cost-effective than what we currently have (by a wide margin as it were), would free up labor and capital to pursue other endeavors. so on balance it should give the economy a big boost eventually

This is all true, and the requirement of defense costs also comes into play, but 'economic golden age' threw the switch for me. Maybe a $35 gold(en) age. -g-

Regards, Don