Tuesday, 28 October 2014

The Present EU Economic Problem (and the Incipient USA One)

E M Smith
So having electricity ‘skyrocket’ and forcing folks to ‘decarbonize’ by taking more (paid / costly) transit and buying yet more expensive electricity (to replace the wood or coal or gas stove) just means there is that much LESS left over to buy, oh, I don’t know, maybe cars and shoes and bread… that causes demand to drop…  "

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