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Joined 3 years ago
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Cake day: June 12th, 2023

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  • Global heating is already estimated to be taking one life every minute, with the toll likely to rise unless emissions fall rapidly.

    I think it’s going to be a while. We’re still committed to the infinite growth paradigm and infinite growth requires infinite energy.

    There’s debate about the feasibility of green growth, but the fact is green energy is already helping to fuel growth. It’s a relatively small percentage of the overall energy mix now, but green energy will grow, and so will fossil fuel energy. We’ll have green growth and fossil fuel growth, and probably nuclear growth, too. As long as we keep growing, we’ll need it all.


  • The RVs are a symptom. Going after the symptom doesn’t necessarily do anything to address the underlying issue. But the underlying issue is systemic, which makes it very difficult to fix.

    Real estate is the primary source of wealth for most people in the US. To bring down housing costs would necessarily mean bringing down home values, leading to many people potentially losing a considerable amount of their personal net worth. And I’m not talking about billionaires, or even necessarily millionaires. I’m talking mostly about people whose net worth is in the hundreds of thousands, with the vast majority of that coming from any equity they might have in their home.

    There’s no viable solution for fixing this that doesn’t result in those people losing at least some net worth, at least initially. Not that I can see, anyway. We need to do it anyway, but I understand why those people aren’t enthusiastic about it.



  • I think “renewable” has become a buzz word that people don’t think critically about, so a lot of folks don’t understand how important it is for an energy source to be renewable.

    Once you’ve pumped an oil well dry, it stays dry. It doesn’t refill with oil, at least not on human timescales. But the sunlight that solar panels used to generate electricity today will be replaced with new sunlight tomorrow. And that daily renewal of sunlight will continue for many, many millions of years.

    It seems so obvious to me.




  • With more dollars on the market chasing the same amount of goods (e.g. oil) the price of everything denominated in dollars would shoot through the roof.

    Yeah, but that’s what I’ve never quite understood: how would it put more dollars on the market than there was always going to be anyway? I mean, the idea was always to pay back these bond holders. Weren’t the dollars that will be needed to pay back bond holders going to have to be created at some point regardless?

    The total Federal debt is $39 trillion, but there’s only something like $20 trillion actually in existence, if I’m not mistaken. Even if we collected every single existing dollar out there through taxes, we’d still have a shortfall of almost $20 trillion.




  • We’re fucked because the only solution is raise taxes and/or cut spending, and neither are politically feasible.

    We could try printing our way out of it, but people will swear up and down that would cause runaway inflation. Maybe it would, but it’s always made we wonder. I mean, I’m not talking about printing money and sending everyone in America a check. I’m talking about printing money and using it to pay bond holders. Obviously not all at once, not all bonds come due at the same time. And, in theory, wouldn’t that cause bond yields to go down? If treasuries were essentially guaranteed investments (and weren’t they kind of seen that way for a very long time, up until recently?), yields would drop and the cost of borrowing for the Federal government would go down. Right? In theory, anyway. I’m sure I’m missing something, so please someone enlighten me.