economics

As a measure of the industrial might of the United States in 1944 and 1945, the subsequent whirl of destruction told a better story than a thousand pages of statistics. If a plane needed minor repairs, it was pulled off the flight line and junked, and a shiny new replacement unit flew in to take its place. Hundreds of airplanes were flown into

Solar energy has fluctuated from zero to a peak of 46GW, but the variation is even more dramatic as a % of total energy production: from zero to more than 50% of the total .

How to deal with this huge fluctuation in production? What will happen if that fluctuation increases even more, following plans for additional wind and solar parks?

There are a

Breaking of Old Norms: After decades of disinflation, markets and policymakers developed a set of beliefs, tools, and expectations fitted to low and stable inflation. If a structural shift occurs, these old mental models no longer apply, making it harder to control or predict rising inflation.

o Behavioral and Market Sentiment Changes: As inflation

Needs arise in context—they are not context-free facts

When you search for needs or jobs in the way I outlined earlier, your underlying theory is that there is an objective set of hidden desires. You are looking for essences . You’re adopting the rationalist view that these inherent properties not only exist, but can be discovered and enumerated

Wheat grows in cool, dry conditions. It can withstand frost, but rice can’t. Rice benefits from flooding, which kills competing weeds. Ponds can be formed and often contain fish, which creates protein for the farmers and fertilizer for the plants.

Techno-Industrials are addressing larger markets than most software companies can.

They use whichever tools they need to provide better solutions to key bottlenecks with better unit economics than incumbents.

They are more capital efficient than most investors expect.

And they have to be more strategically sound than the average software company.

But

Back in 2008 and 2009, there was a lot of base money creation, but not a big fiscal transmission mechanism to transfer it to the broad money supply. The fiscal deficit basically just balanced out the major loan losses of the time, so the net result was anti-deflationary but not greatly inflationary.

Even in the last nine of those years the money stock increased 119 percent and consumer prices only 74 percent. This is not what the crude quantity theory of money would have predicted, but there are three broad explanations.

In this case, however, the liabilities generated by the inflows are not associated with an increase in domestic asset growth, and so foreign obligations rise at an unsustainable pace.