What Kind of Problem Is Climate Change?

Re:What Kind of Problem Is Climate Change? by beat on Monday September 30, 2019 @04:37PM (#21119441)

Now that definitely sounds like partisan nonsense.

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Re:What Kind of Problem Is Climate Change? by gridlockd on Monday September 30, 2019 @08:15PM (#21120861)

Perhaps, but it's true. AOC is a proponent of MMT[1] and has made that "five dollars for every one dollar spent" argument[2].

[1] https://www.businessinsider.com/modern-monetary-theory-mmt-e...

[2] I can't find the source for this one right now, but it was in a video interview regarding the green new deal, right around when it was announced.

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Re:What Kind of Problem Is Climate Change? by garmaine on Monday September 30, 2019 @09:55PM (#21121300)

Adding on to this, the five dollars for every dollar spent makes sense in some contexts. It’s a key factor in support of federally funded basic research like NASA, NSF, DARPA, etc. I actually believe this based on the reports I’ve seen for NASA spin offs.

But what AOC is talking about is not basic research, which has a multiplicative effect because it opens up new technologies, new products, and new industries. A New Deal is work for works sake, and economically substitutive... so the return is actually less than a dollar for every dollar spent.

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