Source: Technology Review
quote: they know better than you how to spend all that money you earn
quote: See, government pretty much knows where to invest money. It's the government who invests money in fundamental science which drives all the planet. It's the government, not you or any other Reclaimer style redneck, who gave large sums of money to scientists developing foundations for modern fusion plasma physics, ITER, semiconductors, UV lithography, GPS and everything else you rednecks take for granted.
quote: would you EVER give a DIME to some obscure mathematician from Harvard doing some voodoo equations and distributed Matlab magic that will be a foundation of a new space drive in 2128 or so?
quote: See, government pretty much knows where to invest money.
quote: free market is a myth
quote: I think EVs are a dead end, and that biofuels will win out in the end. Unless we start building nuclear plants out the wazoo for electrical power or there's a breakthrough in nuclear fusion.
quote: But most corporate planning has a 1-3 year timeline.
quote: The economy already has institutions designed solely to assess risk and lend money. If they won't do it, why does the government think it can do better?
quote: One job of the gov't is to maximize economic growth given the current conditions.
quote: Why shouldn't the gov't be a last resort for investing idle capital
quote: The Government cannot grow the economy. The best it can do is get out of the way.
quote: If Mint and everyone with his mindset had sent Musk a check for $25 or so bucks, we wouldn't be having this discussion
quote: Mint is in favor of Tesla, so he's trying to make an argument that the loans are good for all of us
quote: Wrong. That was already tried, and he only raised ~$200M. It's called an IPO.
quote: So if Tesla wasn't important enough for you (the figurative you) to invest in, don't turn around and then claim the Government needs to pick up the slack!
quote: It's why we're in the mess we're in today.
quote: As far as you comparing nuclear power generation, a public service/good, to an electric car for the rich....WOW!
quote: industry has to start somewhere
quote: As far as you comparing nuclear power generation, a public service/good, to an electric car for the rich
quote: No, that is not a "job" of the Government. What-so-ever. No wonder you are the way you are.
quote: Idle capital? We're trillions in debt.
quote: Yeah you go ahead and tell that to the American people who had the economy as their #1 issue on both sides of the isle.
quote: You're living in the past. Every modern gov't that tried to get out of the way during this recession saw its economy shrink and make the problem worse.
quote: Just move to Somalia already and live in your minimal government paradise.
quote: Did the stimulus work? Has anything worked? If you were right, the past 5 years of record spending would equal record prosperity and economic growth. Hello?
quote: Yeah it was such a big issue, they re-elected the guy who made the economy worst
quote: That's absolutely false. We're living proof that you cannot spend your way out of a bad economy. Did the stimulus work? Has anything worked? If you were right, the past 5 years of record spending would equal record prosperity and economic growth.
quote: But there is good news, the GDP actually grew last quarter. By a tenth of a percent. I guess that's an affirmation, in your mind, of the big Gov approach you're shoveling.
quote: You're right, what would Elon Musk do without the government loan? He would only have billions to fall back on. - See more at: http://www.dailytech.com/Article.aspx?newsid=30009...
quote: Once equilibrium is reached, expansion will start to occur as money is invested in those areas providing return
quote: Musk was almost broke in terms of tangible assets, and put everything he had into Tesla.
quote: If you end handouts, then everyone receiving one has to reduce the goods/services they buy with them, which means the businesses producing them lose orders and lay off even more people, who in turn reduce their consumption and the cycle viciously repeats.
quote: The free market is actively choosing to watch tens of trillions of capital earn negative real interest instead of building or buying anything, and it's done it for over four years. That is indisputable fact, not opinion. Think about how absurd that is for a moment.
quote: Capitalism is making a cry for something more to build, and nothing in the free market is giving it to them.
quote: Building something when demand is low or nonexistent, just for the sake of it, is crazy.
quote: Even in a great economy, Tesla's market is TINY!
quote: it's the government keeping us afloat instead of pulling us down