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? asked in Social ScienceEconomics · 9 years ago

should there be low cost, fixed rate loans on solar houses and electric- hybrid autos?

this would would stimulate the economy, save on power and fuel, end the repossession of houses.

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  • 9 years ago
    Favorite Answer

    No. The whole solar energy, hybrid-electric thesis is mistaken. The energy used to manufacture. install, maintain and dispose of solar panels far exceed the saving in energy from conventional sources.

    Likewise, the energy used in making and maintaining hybrid electric autos far exceeds the energy saved from petroleum sources.

    Much more money should be spent and taxes reduced for people who actually reduce their travelling, cut out single-passenger use of a car, buy small engines instead of big ones, use diesel instead of gasoline, use public transport especially after dark, and limit their top speed to 80 km/h; 50 mph. Then we would see real fuel savings.

    OK?

  • 5 years ago

    1

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  • 9 years ago

    Sure -- if that's something that evolves naturally in the free market, and banks freely offer these things because it's the best way to lend capital.

    However, if you are meaning that these things be made available as a result of government mandates or subsidies, then most likely this distortion of the natural markets would do more harm than good.

    You are assuming that the government is smart enough to figure out how business should operate when the businesses themselves can't figure it out. That is highly unlikely.

    More to the point, there is the "broken window" problem of unseen opportunity costs. That is, yes this might create jobs for the .0001% of the population that's involved in installing solar panels or building electric cars. But the distortion of money flows probably causes 2 other jobs to disappear somewhere else in the economy, for every one "green" job you create. In fact this is exactly what happened in Spain a few years ago when Spain heavily subsidized solar power (Spain is now broke and one of the debt cases of Europe.)

    And by the way, this would do absolutely nothing to end repossession of existing homes in any case.

  • 4 years ago

    the backside fee I have been given replaced into 5.25 on a house fairness own loan, which I used to repay my own loan and redo my bathing room. This replaced into approximately 5 years in the past, and between the circumstances replaced into that I had to have the charge right now withdrawn from an account at that financial company. i desire to go searching for yet another financial company, yet no you will come on the brink of this fee, so i'm caught, yet i'm paying greater on the important when I can. C

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  • Anonymous
    9 years ago

    We really need the President who will bring the green policy to life. We have been lagging behind Europe many years already.

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