- 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.
Blogging on bureaucracy, organizations, USDA, agriculture programs, American history, the food movement, and other interests. Often contrarian, usually optimistic, sometimes didactic, occasionally funny, rarely wrong, always a nitpicker.
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:
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