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July 22, 2008

Comments

Beach Boy aka

Dave, very good post. I draw a different conclusion from the data you provide: given the existing physical constraints for a massive wind farm construction program, it's critical that unnecessary uses of those resources be brought to a halt so that they are available to build as many windfarms as possible. In this regard, a bust of the housing market is not a curse, but a blessing.

Maybe it will be to no avail, but I tried to expose this viewpoint in a couple of financial blogs. See comments #5 and #67 (where I mention you) at:
http://blogs.cfr.org/setser/2008/07/24/too-big-to-fail-or-too-large-to-save-thinking-about-the-us-one-year-into-the-subprime-crisis/

I also made a more Economics theory-oriented post at:
http://www.rgemonitor.com/us-monitor/253084/a_short_primer_on_mccainomics_versus_obamanomics_top-down_or_bottom-up

BTW, I wonder if you share my view that the "cars on natural gas" part of T. Boone Pickens plan is nonsense.

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