Horace Heffner wrote:
With the right policies we can have have economic activity like never before - and all to the good side. Vehicle replacement with energy efficient vehicles is a huge economic opportunity.
I disagree. This will only call for the construction of some production lines, which is not a big deal. The cars will be replaced as the old ones wear out, which means there will be no increase or decrease in economic activity.
Building a new energy infrastructure is a huge opportunity . . .
This would be expensive! And worth it, we hope.
. . . especially in housing tetrofits.
Not such a big deal. In the U.S. $1,000 per house would do wonders. $10,000 per house would improve that by much.
Manufacture of renewable energy generation systems, not just for a few countries, but for the world, is a colossal opportunity.
Yes indeed! CF, on the other hand, would cost less than nothing, and CF all by itself would only reduce economic activity, not increase it. If we end up consuming the same amount of energy with the same set of machines, we reduce the world economy by $2.8 trillion per year, and add nothing. That outcome seems unlikely to me. The money people save is likely to go somewhere else instead.
- Jed
