Clean Tech News & Views: EVs, Solar Energy, Batteries
Everyone wants a better future, not only for ourselves, but for our children and grandchildren. Society is supposed to continue getting better with each passing generation, and we hope that this trend continues far into the future. If anything, we want this to happen faster! In this article, I want to discuss how technologies we’re excited about today can improve society in ways much bigger than most of us think.
Regardless of where you stand on UBI, it’s hard to argue against the idea that cheap, abundant energy that doesn’t hurt us combined with automation massively increases productivity and creates a lot of wealth. Possible social ills aside for now, there’s a lot of value that these technologies unlocks.One commonly accepted economic idea is that prices serve as a signals that communicate a lot of information about the economy.
Free market advocates argue that trying to tamper in the market only messes things up. Raising or lowering interest rates, placing price caps, prohibiting gouging, giving away money, collecting up too much money, and regulating almost anything can be argued to disrupt price signals and cause people in the economy to make poor decisions. This then leads to misallocation of wealth, which drags down the efficiency and effectiveness of the economy.
There are good historical and evolutionary reasons for all this. Back in the hunter-gatherer days, there wasn’t time to think carefully about an animal or another human attacking you. You had to strike out with as much brutality and force as you could muster. Social skills didn’t matter in those situations. Hearing didn’t matter. Feeling didn’t matter.
Among the information we need to be able to read and intelligently process are those price signals, but when we’re low on cash and afraid of becoming homeless, our ability to do that effectively and be the cold, rational actor some economists think we all are is diminished.
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