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To: ldo79 who wrote (76154)12/11/2006 9:08:08 AM
From: whitepine  Respond to of 206325
 
Tell me more about Charlie Maxwell and SOLVX.



To: ldo79 who wrote (76154)12/11/2006 10:02:16 AM
From: ChanceIs  Respond to of 206325
 
>>>How do we achieve fairness [in rationing scarce energy supplies] when the gridlock between rich and poor already stops us from having an energy policy in this country?<<<

That was a great article until this line. I wasn't aware that the "wealth gap" was discouraging energy development. I see no connection. The wealthy are in general good at putting their money to work where it will get the best yield. It is clear to me that there has been a lot of investment dollars flowing to energy in the last few years.

My opinion is that the wealth gap is coming from the massive inflation which the government is hiding through the use of hedonics - you know - weighting computers more heavily in price surveys because there is a true disinflationary item - more for less (just got a wonderful 19 inch flat screen monitor for $250). Why do we have massive inflation? We are printing money to fight the war and fund the social programs. The federal operational budget has not been balanced since 1957. The reserve requirements were loosened in 1995. The money supply has gone through the roof. Look at housing and energy as indicators of inflation.

The wealth gap stems from wages dropping from global competition, and those with assets having more "paper" wealth due to the general inflation.