- Bad for greens--the sales of hybrids, according to this,have dropped more than other vehicles. (Why--they're pricier and take years to pay off any savings, particularly when gas is lower than $2)
- Good for greens--via Gristmill this DotEarth graph shows China's contribution to carbon emissions has decreased.
- Bad for conservatives--we're now talking trillion dollar deficits. (I remember when LBJ scored a political coup by keeping the entire budget under $100 billion.)
- Good for conservatives--no one has mentioned it, but the depression means more people will stay in the job force longer, which should have a positive effect on social security.
Wednesday, January 07, 2009
Power of Economics--Hybrids and Energy, Bad and Good
One of my frustrations with some critics of modern agriculture is their under-estimation of the power of the market. Our current "depression" (as certified by Megan McArdle) reminds us of the effects of wealth, or the lack thereof: