Quote from: crwth on June 28, 2020, 11:49:12 PM

How is it political? Isn't it just common sense with what could happen?

Green energy is known to be political tools from the left.
https://www.politico.com/news/2020/06/08/democrats-clean-energy-recovery-packages-306981

Quote from: crwth on June 28, 2020, 11:49:12 PM

You agree that stagflation is imminent

I'm not sure if I agree, but for the sake of this topic, yep you can say that.

Quote from: crwth on June 28, 2020, 11:49:12 PM

what do you think should be done in replacement to that? I'm no expert but I can't suggest anything because it's not in my domain though.

Certainly not about spending/investment to improve something that is not urgent. Like the icebergs won't melt anytime soon (hopefully Grin

).

I believe the lockdown policy has failed; therefore, the policy should be about pushing everyone to get back to work asap to solve the output problem. When we imagine going out to work is just like going to the battlefield, then:
- increase hospital bed (temporary);
- more place for washing hands;
- more schedule for trains and buses since the capacity has been cut in half;
- incentivizing the business to open.

Next, they should be dealing with the inflation problem. The easiest way is to reduce the money supply to pull the economy into recession. But it should only be done if the inflation is intolerable.

Quote from: crwth on June 28, 2020, 11:49:12 PM

Quote from: mu_enrico on June 28, 2020, 12:46:13 PM

Green energy, especially, switching now will only add costs with no tangible benefit in the economic sense.

When should you think it should be done? When there's no pandemic anymore? Even before the pandemic, there were a lot of opportunities to convert or "add" the green energy system for use, but did it happen?

It can be done anytime, as long as there are economic justifications behind it. Yes, it happened everywhere in the world (including in my country) because green energy in the right area will be cheaper or more less the same as fossil energy. That's why Bitcoin miners concentrated in rich hydro energy areas in China.

If the current governments have budget problems, they will approve projects that will ease their financial burden, not projects that will make them more miserable.