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Joined 1 year ago
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Cake day: July 24th, 2023

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  • And it’s most costly to increase interest rates not because those directly affect the investors, but because those interest rates affect the borrowers since the borrowers will need to make more and more money to be able to pay back the initial injection + interest.

    If borrowers don’t think they can pay back, then they probably won’t borrow in the first place. If they do borrow but don’t make enough to pay back those loans + interest, then the investor loses out.

    And if borrowers don’t borrow in the first place, then investors sit on their money when they could theoretically inject it into other businesses so they can earn on what they own, and not just let their assets stagnate (or decay). To investors, this might also be perceived as a loss.

    Do I have that right?



  • Nuclear power is the ONLY form of clean energy that can be scaled up in time to save us from the worst of climate change.

    Mmmm I agreed with you until reading this. The 6th IPCC Assessment Report showed us that Wind + Solar + Battery Storage are still a safer bet for rolling out non-fossil fuel energy sources at the fastest rate we can launch them. Nuclear sadly still takes too long to build.

    I think there is a space for advanced nuclear, though. Small Modular Reactors, Fast Breeders, and such should be encouraged going forward. The US (and I think UK) each have funds specifically designated to the development of advanced nuclear too.

    But old nuclear will take too long to get a hold on emissions. I still think nuclear fits in a well-balanced energy portfolio, but not of the specific technology of the 1950s-1990s.

    We’ve had the cure for climate change all along, but fear that we’d do another Chernobyl has scared us away from it.

    I mean, Chernobyl is kind of an outdated example. Fukushima would be the more recent one to point at, or even Three Mile Island. Not particularly useful for your argument. Still, I think if people got educated about all 3 of those examples from history, they’ll come out convinced that nuclear is still a safe bet.

    Problem is, like I said above, that conventional nuclear takes too damn long to build.