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Look, the required investments are huge. But the size of our economies are absolutely immense. Spending as little as 1% of GDP extra on these kinds of investments for a decade or two will make extremely large headway.

Indeed, if politicians started studying macroeconomics they might understand that we could get these investments for free as long as we're struggling to get out of the liquidity trap.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Thu Jul 25th, 2013 at 10:03:44 AM EST
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