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You have it right when you focus on the fact that this is a massive challenge. The point isn't to create new monetary supply. This money is going somewhere, bu
by endswapper 10y ago
You have it right when you focus on the fact that this is a massive challenge.
The point isn't to create new monetary supply. This money is going somewhere, but how do we channel it to something as fundamental and positive as green investments?
This may look easy on the surface, but of course the devil is in the details. If the money is going somewhere then it will be taken away from somewhere. So, environmental policy must be balanced against economic policy, i.e. higher gas prices because of less in oil subsidies.
What I find promising is that the conversation has evolved beyond, "if we should do this," to "how we must do this."