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Watch more Capital Account @ http://www.youtube.com/CapitalAccount http://twitter.com/laurenlyster http://twitter.com/coveringdelta The Euro hits an 11-month low after a selloff as euro officials warn their crisis solution may be tougher to commit to than thought...the US says it will top pr... More
Added Dec 15, 2011
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Tags capital account lauren lyster demetri kofinas chris martenson crash course rt rtamerica markets finance economy gold silver oil resources commodities fiat money debt credit credit market debt exponential function peak oil peak water peak credit economic collapse depression inflation deflation nouriel roubini gold bubble
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tcorourke2007 Says:
The economic terms used are not "double speak". You learn them the same way you would learn any other word you don't know: you look it up.
majik2hanz Says:
The issue Mortenson fails to touch on, which is significant, is government dependency on tax revenues generated from the existing forms of energy. Alternate forms that are less regulated or detached from government control enable people to 'see' the level of taxation - this they do not want. Since energy firms are some of the biggest funders of elected officials they steer policy (and in turn regulation via legislation) to maximize marginal profit to themselves. Transparency is their enemy.
iglwy Says:
and if you don't know how to grow your own food you will loose all your scrap metal in an afternoon to bandits. haha
mjs1231 Says:
Once this shit hits, the primary population centers willl not be safe. Crime will explode. AllreDy scored property way out in kansas. Alltho it may be sold and a move to leave the us all together is also been thought of.
mjs1231 Says:
I sold everything years ago, kept my job and moved into a tiny shaq . Been hording gold and silver on every paycheck, 15 years from now after the us goes bankrupt, i will leverage all of it and become superwealthy. ONLY......RON PAUL.
hitssquad Says:
@Ape65 "but even before, taxis were far more expensive" OK. But I would suspect they weren't allowed to combine fares, which should radically reduce the cost per fare. Plus, they offer fast door-to-door service (something public transit rarely provides, and when it does it's by accident of location, rather than because of any inherent flexibility of the system), and they allow passengers to use productivity- and distraction- devices while being transported -- an advantage over the private car.
hitssquad Says:
@Ape65 I forgot streets. Streets -- and bike and walking paths -- complete the neighborhood effect. People wouldn't need to drive around, though. They could just use push-scooters and bicycles. Perhaps golf-carts and NEV's (Neighborhood Electric Vehicles) could be used, but I'm not sure people would see those as necessary for such short distances.
hitssquad Says:
@Ape65 A 400x400' building might potentially have a neighborhood on each floor, and the floors might be separable far enough to give a sufficient feeling of "outsideness". So, that's what I meant by private and semi-private spaces. You could have private houses sharing a semi-private neighborhood floor of a high-rise building. Include landscaping and, perhaps, gentle hills. 10 such neighborhoods at 50' height each would stack to 500'.
hitssquad Says:
@Ape65 "who want nice quiet green suburban neighbourhoods" I'm aware of that desire. In my mind, neighborhoods can potentially be stacked -- indoors. It's interesting that the advocates of O'Neill cylinders (huge spinning space habitats holding thousands of people each in spacious California-suburb-style environments), tend not to acknowledge that similar habitats could potentially also be stacked on Earth -- to indefinite heights. Just add artificial sunlight.
hitssquad Says:
@Ape65 A potential improvement to taxi efficiency would be electrification. A city-wide on-the-fly recharging system could help with this. It makes a lot more sense for a taxi -- a vehicle that is used all day and/or night -- to have a large efficiency-driven sunk cost, than for a private vehicle to do the same. It's difficult for a commuter to justify the cost of an electric vehicle if he's only going to drive it 10-30,000 miles per year. A commercial vehicle can be put to far more use.
hitssquad Says:
On taxis, I forgot to mention that another key efficiency improver is the legalization of shared taxi rides. Public mass transit holds an unfair efficiency advantage over private taxi service when the latter is restricted to unshared rides. . "He acknowledges that NYC's system is efficient" When Teschler referred to "the NYC system", I believe he meant the *entire* system, which would include buses -- especially since he mentioned it with Honolulu's system, which is bus only.
Ape65 Says:
Agree, and I wasn't referring to hold-outs, but rather the vast number of middle-aged middle-income people with kids who want nice quiet green suburban neighbourhoods where their kids can play in the street. It's all about street hockey ;-)
Ape65 Says:
Thanks for the reference, it may come in handy
Ape65 Says:
I couldn't find that reference, but I read the one about the energy efficiency of train-based mass transit. He acknowledges that NYC's system is efficient, and they don't have pushers.
Ape65 Says:
I agree on liberalization, but taxis don't reduce road congestion. It doesn't scale up the way commuter trains or subways do. Taxi-buses only make sense on a few limited routes (such as airport to downtown).
Ape65 Says:
I'm all for multi-use buildings, and also for liberalizing zoning laws. At it happens, Montreal (and especially Toronto and Vancouver) are in the midst of a condo construction boom, especially downtown. I think the biggest reform to be made is to allow people to have home offices and businesses, but instead of regulating use, cities would have to regulate impacts, which is more complicated.
Ape65 Says:
Montreal's taxis were almost completely deregulated until about 20 years ago, when a licensing system was introduced to restrict the number. BTW I'm opposed to that system, but even before, taxis were far more expensive than using public transit or your own car. As to taxi-buses (or more realistically, mini-vans), that does exist for heavily used routes such as between the airport and downtown.
hitssquad Says:
@Ape65 "And some people want a detached house on a quiet street with a yard." Private and semi-private apartment spaces can be made large, quiet, and even somewhat outdoorsy (while being protected from the weather). It need not be expensive, if the markets are liberalized. . For example, this is an enabling technology of apartment quietness: google. com/search?q=Green+Glue+Sound+Dampening It's cheap, and it works. The number one reason people don't like apartments is the noise. This solves that.
hitssquad Says:
@Ape65 "And some people want a detached house on a quiet street with a yard." There are myriad people in each metro housing market. The laws of large numbers therefore apply. We need not concern ourselves with the last hard-case hold-out. The point was that if we make it marginally less hard to live in a city, naturally there will be a marginal increase in the proportion of the total metro population willing to live in the city, rather than the suburbs (or exurbs).
hitssquad Says:
@Ape65 "I never said Montreal had pushers" Yes. I said pushers was the reason Japan had the closest thing to en efficient commuter rail system. The fact that Montreal doesn't have pushers, is the reason Montreal has such grossly inefficient rail. Do you really thin that western Caucasian nations are ready for rail pushers? I don't think that they are, so perhaps we'd be better off looking for more workable and efficient solutions such as liberalized taxi service.
hitssquad Says:
@Ape65 "You can't get that close to downtown unless you are able and willing to spend over a million dollars." You don't seem to be following the conversation here. I acknowledged it's currently expensive. I blamed it on bad policy. You read the source I gave, right?: "As Thomas Sowell pointed out in Economic Facts and Fallacies" . Yes? No?
hitssquad Says:
@Ape65 "Taxis cost a fortune" There's no parking cost, and it's door-to-door service. It's a response to your claim: "being stuck in a traffic jam for 20 minutes twice a day and spending a fortune on gas and parking". Taxi medallions are restricted in NYC to about 13,000 total, and they trade for about a million dollars each. Do you really think it needs to be that way? . Liberalization of taxi markets is well-established to reduce the costs.
hitssquad Says:
@Ape65 Multi-use buildings could mean that people would be able to live, work, recreate, and shop, without ever leaving a single building. That would mean they wouldn't need a car, or taxis, or mass transit; and they wouldn't have to put up with traffic congestion on the street. As it is, high-rise buildings are usually only approved to have a single given activity going on in them. Does that make sense? Does it sound efficient? Do you think that minimizes commute costs?
hitssquad Says:
"Taxis cost a fortune" I just said that: "Many cities have laws that restrict taxi service." That makes taxi service expensive. Legalize taxis, and then they might not be so expensive. Also, a private "taxi" doesn't have to be the car you're imagining. It can be a bus, Are buses inefficient? . Another thing to consider is that not only are people forced out of cities, they are also forced out of buildings. It would be more efficient to allow multi-use buildings.
Ape65 Says:
And some people want a detached house on a quiet street with a yard. You can't get that close to downtown unless you are able and willing to spend over a million dollars.