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In reply to the discussion: So you're visiting a college campus. What would you ask? [View all]NoOneMan
(4,795 posts)29. "Your debt definition is simply nonsense."
No, its actually exactly what "debt" is in the rawest form. You consume energy working, you are given a token of debt, ensuring that society will adequately consume energy to produce a reciprocal product for you as a reward. You will not work for debt if you cannot be sure your consumption of energy is reciprocated. The willingness to reciprocate the consumption of energy must explicitly exist to initially encourage someone to do useful work (and consume energy). Otherwise, we are all working for free, or for an a simple hope that our work will maybe be reciprocated (not very motivating).
Here: you borrow money to build a house. The house is built, in fact, millions of houses are built. Then, all the debtors simply refuse to pay. Houses are still there, and they will be distributed to somebody at a huge discount after they are repossessed.
Sure, and now you have created a situation where further homes may not be built or financed because there is uncertainty the debt will ever be repaid. Then money is sapped from the economy from such uncertainty and the velocity of energy dips (leading to deficient demand and recessions). So now the central government has to step in, borrow their own money, and inject it to "fix" the problem...does that sound familiar?
So this becomes even more important in terms of ensuring you have a respectable currency to purchase the energy needed to do useful work in the first place (or it costs more and more to 'work' and increase the GDP, thereby lowering profits and incentive to invest). No one is going to accept a currency that may mean next to nothing tomorrow for energy, or products created by consuming energy. Unfortunately, the US has been paying a premium on the plurality of its oil since its fiscal policies led it off a cliff, leading to expensive work and an eventual reckoning:

And your action call will not happen because people are not going to consume less energy - instead, generate energy with no emissions - wind and solar.
What people are going to do is purchase new shiny products and export coal to China (and exports are surging) until we are all dead. Sounds like one hell of a plan.

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What is the professor/teacher to student ratio in the largest and smallest classes?
no_hypocrisy
Jan 2013
#1
Where's your wind and solar? Wind is now 26% of all Texas electrical generation, and we've
mbperrin
Jan 2013
#21
Solar and Wind are at .31% and 4.43% of total online capacity nationwide, respectively
NoOneMan
Jan 2013
#22
Yes, the nation as a whole is still mired in yesterday's energy. 26% of Texas electrical
mbperrin
Jan 2013
#27
Because Mrs. OBD has threatened greivous harm to any OBkids not going to college
OmahaBlueDog
Jan 2013
#18
1, In-person visits are absolutely vital to choosing a school where your student can have success.
mbperrin
Jan 2013
#4
Most of the on-campus information is available on-line. Ask about off-campus concerns.
TheBlackAdder
Jan 2013
#11