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It would be better to give the money to the people and they can choose to spend it on electricity or something else. Subsidizing electricity is a distortion.
by conanbatt 5y ago
It would be better to give the money to the people and they can choose to spend it on electricity or something else. Subsidizing electricity is a distortion.
- caf 5y agoIsn't that just going to bid up the prices for everything else? Historically, subsidising electricity has worked fairly efficiently, because it wasn't possible to effectively store and re-sell or export it.
- conanbatt 5y ago1. No 2. It has always worked the same: people arbitrage the subsidy by doing energy inefficient labor. Bitcoin mining is just a more efficient arbitrage mechanism.