So you are saying the value of a countries' currency has no link to confidence in that countries ability to continue to as a sovereign nation?
Umm, he didn't say that at all. Trying to put words in people's mouths (or fingers)? That's a form of fallacious reasoning and isn't going to go well for you if you continue that route.
Anyway, currency has a lot of factors that influence whether it goes up or down, in relation to other currencies, but it's not simple and clearly not as simple as you inferred in your earlier posts.
If the US allows its' debt to spiral out of control they will lose the ability to borrow money. If they lose the ability to borrow money the country will collapse. If the county collapses the money will have no value. As the risk of this happening goes up investing in it becomes more risky; therefore the value drops.
See, that's where you get in trouble. You posed a slippery slope fallacy (fallacious reasoning, false logic). Not only are your assertions presumptive, but inaccurate at every step, precisely because honestly "don't know" what will happen after this or that, but also because you pose a "what if" scenario without even bothering to discuss how that situation even relates to paying for road work.
Point is, it doesn't. If any nation is going to pose road work, or any other national infrastructure investment (and yes, it's an investment), you can be damn sure they'll do the homework required to ensure it doesn't destabilize their financial state
(unless, of course, another George Bush Jr. gets in office). I'll break your slippery slope into their respective parts, and show how you glossed over everything to come to your erroneous conclusion:
Willy said, "If the US allows its' debt to spiral out of control they will lose the ability to borrow money."
Unlike personal loans, the mere fact that a
nation has a debt provides it leverage to obtain more loans (refinances, at the least). Nations have assets and they have political influence. Both of those mean something, particularly to banks. Perhaps you should read up on this facet, the basis for your assertions, and you'll see the flaw in your foundation.
Anyway, you're assuming that spending money on infrastructure will result in debt spiraling out of control. That assumption is incorrect. Infrastructure expenditures are investments that not only create jobs within a nation, but provide greater value to the nation as a whole. It's a selling point to investors, to bankers, to voters, and to politicians who aren't hellbent on saving their political party from extinction
(as in the U.S. case, with the Republican Party).
Willy said, "If they lose the ability to borrow money the country will collapse."
No, it won't, and Argentina is a prime example that your assertion is false.
Willy said, "If the county collapses the money will have no value."
Again, incorrect, and again I can point to Argentina as a prime example
(except the country didn't collapse). You assume a country will collapse, then assume that currency will likewise collapse, but currency is artificially attached to a nation's assets, CPI, GDP, and a few other fun little things having to do with the country as a whole, not merely its ability to borrow money.
Seriously, that's just silly.
Willy said, "As the risk of this happening goes up investing in it becomes more risky; therefore the value drops."
Okay, this is going to the notion it hasn't happened yet but will result in the former, thus causing the latter, so you posed a circular argument
(also a form of fallacious reasoning, false logic).
Anyway, I'm assuming you mean currency when you state,
"therefore the value drops." You're arguing the value of currency drops before a nation
"loses control of its debt," but argued that the value of currency drops because a nation
"loses control of its debt," and also argued that the value of currency drops after a nation
"loses control of its debt." You see how silly you're getting? All this based on erroneous assumptions.
And that's where all of this stands, you're speculating what may or may not happen if a nation loses control of its debt based on the discussion that has to do with expending money to build infrastructure that is geared to stabilize and strengthen a nation's overall independence from the influence of such organizations as OPEC, and to reduce the impact on the environment, thereby standing as an example to the rest of the world on what to do right.
And from there, you assume,
"we're all gonna die!!!!"
Sorry Willy, your logic has flown the coop, gone out the window, pooped on a hat. Your arguments are not merely flawed, they're silly.
Meh if all they are going to do is main roads why not just use maglev technology ? all you are doing is going back and forth right ?
But they wouldn't. That's not how people move around in the U.S.
(most parts that is). Public transportation exists, don't get me wrong, and they have an electric/hydrogen public transportation system, but the vast majority of Americans
(and I assume by your comments you're referring to the U.S.) travel about on personal vehicles. This is partly due to things being so damn spread out
(particularly in the mid and west).
So no, the solution needs to address private transportation, personal vehicles and, in particular, local/regional traffic. Instituting this sort of technology
(assuming ample electric automobiles) would work effectively to reduce emissions and break the dependency on oil, thereby causing OPEC to lose influence in the state of the U.S. economy
(which itself increases its viability and makes it a better investment).
Sorry but I find the idea stupid, limited, hugely and prohibitively expensive as a proper network and more worthy of a high school rather than coming out of Stanford.
Hmm, you're performing the same error that Willy made, which is "assuming" it will be expensive and prohibitive, without even examining just what it would entail, and thus not know the expense of such, nor the savings, nor the means to recoup the losses, etc.
There's this state called Florida, where roads were built to travel all over the friggin' place --- over swampland. That's essentially what Florida is, a huge piece of swampland that's greater than the size of Italy
(almost the size of Great Britain). And yet, it was done, and these roads (constantly sinking, getting washed away, overgrown, etc) are maintained through tolls and State taxes. But they exist, and they are actually not merely a good bit of revenue for the State, but a boon to the local economy.
Yes it was expensive to build, yes it's expensive to maintain, but smart people with a vision made it happen. Now Florida houses some of the greatest amusement parks, NASA, military facilities, tourist spots, and the best mosquito abatement program in the world.
Comparing digging lines for cables and creating a new highway system is a stretch.
The highway system ALREADY EXISTS. Geez, stop trying to give false argument here Willy...
What this proposes is to add a series of devices in the roads to increase the viability of electric vehicles. It could be done in steps, initiated in the roundabout highways that encircle many of the major eastern U.S. cities, then expand from there. It can be done, and it can be done in a cost-effective manner.
CThe energy required to send light patterns though those cables is nowhere near what it costs to power vehicle traffic.
Hehe, you just outed yourself there Willy. Here, do some reading:
http://ctcnet.us/community anchor construction costs_092209.pdf
U.S. Department of Transportation Fiber Optic Study --> <
click here>
http://www.opticsinfobase.org/abstract.cfm?URI=NFOEC-2011-JWA084
I would also like to point out you are assuming conventional energy grids. It is feasible to consider that such technologies will come with additional energy utilities, such as point-to-point solar panel boosters or even small-frame wind turbines
(exploiting the wind turbulence created by vehicles driving by, as a silly example).
The whole "they did it for fiber" argument does not hold water as not every one even uses fiber and is used mostly by large businesses. The cost of fiber out weighs the benefits for most consumers.
Indeed, and your argument is just as poor in water retention. You assume a global, one-step installation as the means to institute this electric booster endeavor. Fiber optics wasn't instituted in that fashion, why create a strawman argument just so you could claim this electric booster is a bad idea? It's just not a sincere approach to arguing the topic.
As far as the batteries go; if you need batteries anyway then the problem remains that batteries go bad, and are prohibitively expensive to replace.
Wow, seriously? Where have you been? Please do some research on battery technology, particularly in application to electric vehicles. Also, from what I understand of this particular technology, the boosters, it is going to be using capacitors, not batteries, which gives it a far greater level of efficiency. So, basically, what you're now arguing is that electric cars are bad science, which is just bogus. The expense of replacing batteries in electric cars is far and away less expensive than the maintenance required on standard petroleum based vehicles. In fact, it's about one-third the expense ---> <
click here, ya njub>
The biggest problem right now is still the economy. That needs to take priority over gold-plaiting. You should not spend a lot money if you are deep in debt.
Which is yet one more example that you don't understand how economics works, nor in particular how global economies work. Developments of this nature fall into infrastructure investment, which increases the value of a nation
(sort of like adding a room to a house increases its resale value). Spending money when in debt may not sound like a good idea, but if you spend it on infrastructure, on investing, that's just about the only way you're going to get OUT OF debt. Sheesh... silly man.
Being in debt is never positive. The only reason debt can be considered is if the Return on investment (a positive thing) out weighs the negative Interest paid out. To convince me that this new electric car technology would be a good investment I would need a solid cost analysis and a good return on investment analysis based on similar projects.
Indeed, and that's exactly what I've been arguing. But instead, you ran with the,
"it won't work, it's too expensive!" argument, without even
considering cost analysis.
At least it's nice to see you're willing to backpedal. I'll take that as a hopeful sign.
I still think a mass transit system would be a better government based investment, like the mag-rail, but for private industry this looks very promising.
If you're not in the U.S., then you can't see how it won't work. If you
are in the U.S., then I can't see how you think it will work. This nation is built different, built on a very large plot of land that was barely colonized just 100 years ago, as opposed to Europe, where just about every inch of it has been crapped on at one point or another
(a figure of speech to annoy those Europeans who can't stand American vulgarities).
In the East Coast, mass transit has a better chance of sitting well with the populace, but definitely not in the Mid or West Coast, where things are spread out
(as I earlier argued). Indeed, in all of the U.S., the culture of driving your own vehicle is not merely a necessity, it's a status symbol and a character of this nation's identity. It would require far more than a mere crowbar to unhinge this notion and replace it with efficient mass-transit systems (tried and failed many times, btw).