In climate pledge, Xi says China will not build new coal-fired power projects abroadhttps://www.reuters.com/world/china/xi-says-china-aims-provide-2-bln-vaccine-doses-by-year-end-2021-09-21/ …
would it really, though? we indirectly subsidise the entire economy with quantitative easing and direct purchasing of stocks, keeping the cost of capital for banks super duper low. governments could offer such financing to renewable energy & storage installations & stimulate, too
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I don't know. But I will have a better answer in 3 years when we see the effects of this historical QE. Because if it works out, the US can give every human on earth $10,000 dollars with no bad economic effects! Truly, it will be the golden age!
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I mean, we're supposed to have had 10 hour work weeks decades ago. The power of machines, of mass manufacturing, it's immense. Much of the economic stimulus of the past is just to enhance *consumer* demand; this is nearly the logical conclusion
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