thegreatdivide wrote on Jun 12
th, 2024 at 5:05pm:
Low IQ , or fraudulent....
Renewables need storage, let's build 2 Sun-cable schemes, and then see how much storage we need, while gradually 'turning off the gas'.
Quote:So why not do that before it is built?
So fossil-fuel goons like you can't insist we must know how much variable renewable energy we need before we start building the PVs and windfarms required to meet our Paris commitments.
Quote:So why don't you want to admit go where these subsidies will go?
Low IQ - not fraud in this case - you simply don't understand the monetary system.
Subsidies can go where the government thinks fit (householders and/or private companies).
Here's someone who does understand the monetary system.
https://billmitchell.org/blog/?p=61799IMF holds a religious gathering in Tokyo – to keep the troops in line(note: lee being a prime example of an obedient foot- soldier)...
Prof. Mitchell, quoting heterodox economist Joan Robinson:
"The neo-classical heritage still has a great influence, not only on the teaching of economics but in forming public opinion generally, or at least in providing public opinion with its slogans. But when it comes to an actual issue, it has nothing concrete to say. Its latter-day practitioners take refuge in building up more and more elaborate mathematical manipulations and get more and more annoyed at anyone asking them what it is that they are supposed to be manipulating.
In so far as economic doctrines have an influence on the choice of objectives for national policy, on the whole it is obscurantist rather than helpful.
The solutions offered by mainstream economists are no less delusory than those of the theologians they displaced"....."solutions" like - employment is increasing, so let's kill the economy by lifting interest rates....a Reverse Bank speciality.
As for "learning", it's moot in your case.