Post
Topic
Board Economics
Re: Roubini Warns about the Incoming Stagflation
by
crwth
on 30/06/2020, 02:40:00 UTC
Green Energy is quite popular due to its benefits and this is why it's being used as a political tool.

Certainly not about spending/investment to improve something that is not urgent. Like the icebergs won't melt anytime soon (hopefully Grin).
Hopefully not but we will never know unless it happens Shocked

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.
I believe that the reason for the lockdown policy is to make sure that the health-care systems could handle the current situation with the health policy. All of the things that you listed should be done for sure and currently being done in some places. I'm not sure about incentivizing businesses though unless it's an essential type of business or something.

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.
That's the problem, there is still the "lack" of money that's why there's an increase in money supply to catch up to that "lack" of funds thing. I doubt they would stop printing or something.

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.
It's always going to be the right time when it's for the environment. It's definitely good to rely on renewable energy resources instead of traditional energy sources that are depleting.