Re:The Great German Energy Experiment
by twoodfin on Tuesday June 19, 2012 @01:24PM
(#4132984)
That doesn't make economic sense. That $250B isn't being vaporized: it's going to foreign consumers who are going to spend some fraction of it buying imported goods. Your goods are likely to be more competitive if an extra $50B worth of energy costs weren't spent making them. This is basic comparative advantage stuff.
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Actually the $250Bn never existed - you printed the dollars and gave the Saudis pieces of paper for the oil.
They essentially loaned you the oil - and if they ask fro the money back you can just democratize them.