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Agreements secured do not a reality make. It's one of the very first steps, now to be followed by a whole bunch more. It's a misleading headline, and I reject
by JonFish85 11y ago
Agreements secured do not a reality make. It's one of the very first steps, now to be followed by a whole bunch more. It's a misleading headline, and I reject the notion out of hand. Running up the "mission accomplished" poster now is ridiculous. Before it becomes a "reality", there are some much larger hurdles to clear. Once they overrun their budget by 2x, complete their environmental surveys, get each town to sign off on land rights, get their work insured, work out a deal with whatever transit unions there are along the way and open for business for real, then you can call it a "reality".
- dmfdmf 11y agoEverything revolving around Musk seems fishy to me. His Tesla and Solar companies are harvesting government subsidies and he writes a half-baked technical paper on hyperloop and suddenly there is money to spend on this boondoggle too. Something just doesn't add up (like Enron or Worldcom from a few years back) and I suspect that Musk and/or associated companies are (willing or unwilling) fronts for the FED to directly push money into the economy. The problem the FED has is that lowering the interest rates no longer works to boost the economy once you are at zero and they still need/want inflation to recover from the mortgage bust. I'd bet that there are academic papers on how to deal with ZIRP when you need to inflate that advocate such direct funding policies.