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Be careful when you talk about "creating" new jobs with policy, even if you are correct here.  I submit that, while there will, of course, be new jobs created in a renewable energy industry, the true benefit would be the positive externalities associated with a more stable energy supply -- and a long-run benefit at that, since, with improvements in technology and an unleashing of fierce competition, renewable sources can be made cheaper, unlike our finite oil supply.  Living standards could see a permanent, and ongoing, improvement if we address the climate crisis.  Today, computers cost a hell of a lot less in real (and nominal) terms than they did five or ten years ago, and you get a hell of a lot more bang for your buck.  Imagine being able to produce that on services that people need instead of merely want.

As an economist, I find that to be an incredibly exciting idea, but frustrating, since we never make an effort to get it done.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Tue Oct 24th, 2006 at 05:35:17 AM EST

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