4 ms·
Are you an economist? This is not how economics works. It's frustrating to see overly-simplistic statements passed off as facts by supposed "experts" on HN. Th
by acchow 9y ago
Are you an economist? This is not how economics works. It's frustrating to see overly-simplistic statements passed off as facts by supposed "experts" on HN.
The actual economics is way more complicated.
Some thoughts to ponder:
1) Why don't other countries oil-producing nations try to minimize their own oil consumption in a similar way?
2) Why don't other countries do the same with whatever natural resource they have an abundance of?
- deleted 9y ago[deleted]
- Brakenshire 9y agoYeah, its a moral thing, and also to a degree an economic diversification policy. Saudi is actually doing a similar thing, trying to encourage non-oil industry.
- tonyedgecombe 9y agoThey aren't having much success though, the curse of oil and all that stuff.
- gcb0 9y agobecause most oil producing countries can't have the luxury of also having hydro power. When they do, the comment you called a liar is very true.