February 10, 2009

Basic Theory

We'll be hitting on this again and again, but I just wanted to go over some fundamentals before the White House gets into the details of the stimulus package.

1. Energy can neither be created nor destroyed. It can only be transferred.
(This is just physics 101 here, the principle of the Conservation of Energy)

2. Wealth can neither be created nor destroyed. It can only be transferred.
(The roots of Ecology & Economics are interwoven, this will be a constant theme)

Be skeptical of anyone who tells you that they're going to created new Energy or new Wealth. It can't be created, only transferred.

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