Sooner or later ...
Click here: Oil Falls to $53 as U.S. Fuel Stocks Rise - New York Times
Sooner or later, markets work.
Sooner or later, the only real resource --- renewable --- kicks in. It is the mind of man.
Three hundred or-so years ago, coal was a rock. A hundred and fifty or-so years ago oil was black gunk that fouled the pleasant streams of Pennsylvania. Seventy or-so years ago uranium was a rock.
This has been understood by many, but no one put a name on it as well as the late Julian Simon in his magum opus The Ultimate Resource
(Pic of Julian Simon goes here)
Sooner or later, markets work.
Sooner or later, the only real resource --- renewable --- kicks in. It is the mind of man.
Three hundred or-so years ago, coal was a rock. A hundred and fifty or-so years ago oil was black gunk that fouled the pleasant streams of Pennsylvania. Seventy or-so years ago uranium was a rock.
This has been understood by many, but no one put a name on it as well as the late Julian Simon in his magum opus The Ultimate Resource
(Pic of Julian Simon goes here)
posted by Ben Wattenberg at 12:25 AM
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