(02-18-2021 02:47 PM)RiceLad15 Wrote: (02-18-2021 02:36 PM)MerseyOwl Wrote: (02-18-2021 01:46 PM)RiceLad15 Wrote: (02-18-2021 01:00 PM)OptimisticOwl Wrote: (02-18-2021 12:48 PM)RiceLad15 Wrote: You gotta start posting a summary or linking to an article - sorry, just a really tedious way to digest news.
What was his point?
His point, as I noted above, was "to subsidize insulating NG pipelines rather than wind."
Geez, I posted a summary, I gave the duration, what more do you guys want? Do you need arrows or emojis?
Sorry - I completely skimmed over the last sentence because I read the comment about watching the clip, my bad!
I know the GND had weatherization of existing infrastructure as a key tenant. I wonder if that would have extended to infrastructure such as transmission lines and power producers.
I ask myself, though, why not both?
Whose money are you spending anyway?
Why not add unicorn stickers?
Great contribution!
Since these things cost money, we shouldn't do anything! I mean, why have a society and government anyways? Everyone should only pay for the exact thing that they specifically believe they need and not have any public services that someone else may use, but that they don't.
First, what is the scope of wind development that the guy was talking about and same for weatherization? Second, what is the magnitude of the costs differences to both energy initiatives?
You must have some understanding of the scale and scope to make that kind of comment.
I admit I'm not an expert on public finance or economics. Oh, I'm a (university) degreed, big six (public accounting firm) trained, qualified (aka professionally licensed) accountant, but maybe I lack sufficient experience having only worked in the private and public sector across two continents in the past 40+ years in finance and consultancy.
I freely admit that my economic thinking was partially poisoned at Rice where I was fed a constant drip of Keynesian dogma that believes government intervention is not just the best solution, it is the only solution. The Austrian school of economics (I discovered after graduating) will teach and show you that the only certain result of government intervention is more government intervention. My limited formal education also included what my English Ex refers to as a 15 minute (one semester) course in Public Policy. The text we used "Understanding Public Policy" by Thomas Dye is now touted by some as the gold standard. One line, probably poorly quoted here as I read this over 45 years ago, remains with me to this day:
"Policy isn't just what someone chooses to do, it is also what they choose not to do."
Part of my work over those forty years dealt with cost modelling and benefits realisation. What I've found is that costs are rarely completely understood and consequently understated. Benefits for some 'unknown' reason are invariably grossly overstated (?).
Now I realise that we're only talking about fiat money, so for the Keynesian spending it and creating more debt this is of no concern. As the Keynesians say "In the long term we're all dead anyway." Funny that after the crash in 2008 even certain governments started looking at not only controlling, but also reducing spend. They rediscovered the concept of prioritisation. Cost numbers on proposals not only had to be 'real' they had to be 'verifiable'. Doubly so for benefits. Then they prioritised what
they chose to do and what they chose not to do. How could that be that an organisation that effectively prints its own money limits how much it spends?
I don't know how much money you're suggesting to spend in the instant case. Personally I've never had signature authority over a project that was over $40M. I would assume that this is multiple magnitudes of that miniscule sum. One of the reasons I was given signature / financial authority is that I am understood to be a 'mean bastard'. Not only don't I like spending my own money (unless it's on my kids), I don't like spending other people's money.
I recall the last scene in the movie "Trading Places" when the question was raised as to what to have for lunch, "Cracked crab or lobster?" Their response, "Why not both?"
So I'll ask again, "Whose money are you spending anyway?"