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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (142075)	8/5/2010 11:09:56 AM
From: Steve Lokness	Read Replies (1) \| Respond to of 541922

The LTG study was based on a rather complex model Do you think Krugman has seen this study?

To: Wharf Rat who wrote (142075)	8/5/2010 11:29:09 AM
From: Steve Lokness	Respond to of 541922

Wharf Rat; The industrial capital stock grows to a level that requires an enormous input of resources And so going back to Krugman's ideas - they remind me of an ever speeding train going faster and faster with no hope to slow it down because as soon as there is any correction Krugman thinks the government must step in and push on the gas peddle harder. No slow down until of course it runs off the tracks. It's as if Krugman is incapable of thinking towards the future. But as the article points out there are all these limits that we must live within. Limits of population, limits of resources, limits of pollution and now this; limits of capital. As resource prices rise and mines are depleted, more and more capital must be used for obtaining resources, leaving less to be invested for future growth. Finally investment cannot keep up with depreciation, and the industrial base collapses I won't post the rest of this sentence as it is too scary. But, won't the government just step in to subsidize? That has been happening for some time now - think ethanol. Now they are doing the same for biomass. A distortion of capitalism! Steve