Professional economist here (hence, perceived as right wing) who began studying economics due to concern about climate change (hence, perceived as left wing).

[1] The classic statement of when markets 'work' is the 'first fundamental theorem of welfare economics'.

[2] 'work' in this sense means 'leads to a Pareto-optimal outcome', which means an outcome in which no one can be made better off without making someone worse off. This is a low standard: an outcome in which I have everything is Pareto-optimal.

[3] the conditions for the welfare theorems are generally not satisfied in practice. Here, as alluded to in the ad, carbon emissions are 'externalities': if an oil company sells you gas, which you then use, both of you are better off, because you're assumed to have taken into account the effects of your exchange, and decided to proceed; other parties have not, so may be worse off.

[4] in general, failure of the welfare theorem conditions isn't enough to make the case for government intervention: the outcome may still be 'constrained' efficient - meaning that, given the inherent constraints in the problem (e.g. asymmetric information), the market outcome is Pareto efficient.

[5] again, even if it is, you may not like the particular constrained efficient outcome the market yields (e.g. I get everything).

[6] in the case of externalities, the theory is pretty well established - if we want efficient outcomes, we need to align the private and social costs. There are two basic market-based tools for doing that: quantity tools (e.g. carbon permits) and price tools (e.g. carbon taxes). Which performs better depends on the sort of market imperfections.

[7] obviously, we will never have a perfect estimate of the efficient price or quantity of carbon to emit in a given year. Equally obviously, to me at least, this is a classic case of an externality with a well developed body of theory pointing in the direction of some level of controls.

[8] in my experience: people familiar with the economic theory tend not to be 'pro-market' or 'anti-market': they tend to want to understand how the market can be used to deliver societal objectives and, when it can't, how to correct its imperfections.

Can't judge without knowing more details, but I'll give him benefit of the doubt and assume the women and children were unintended casualties or bystanders, perhaps from long range attack or grenades thrown blindly. "military precision" is a dumb phrase because there have been so many civilian casualties (estimates > 500k in Iraq)

More Right wingers go to congress as millionaires, spending their money to get the job than leftists. Trump is a prime example of spending millions intending to abuse his presidential power for personal familial gains in the billions….then repaying himself with campaign donor’s money. Also, it’s the right that refuses to consider campaign finance reform and consistently fights for more big money in politics. The left tries to close corruption loopholes, like requiring complete divestment instead of fake “blind trusts” like Trump who had his son do his insider trading while joined at the hip and called that a blind trust. 🤦‍♂️

Trump is fascist, his politics fit the definition nearly perfectly….had the military abandoned their duties and followed him into despotism as he expected it would be perfect. (He was ever so pissed his generals didn’t follow him blindly like Hitler’s generals, because he’s so ignorant he doesn’t know Hitler’s generals tried repeatedly to assassinate Hitler)

Is this finally an admission it was Trumpists committing treason by trying to overthrow the government with a violent coup on Jan 6, not ANTIFA or BLM? How long will that last I wonder. You just admit(ed) that this is true.

Again, because you never remember, 1 million Americans needlessly died from a vacuum of leadership encouraging them to ignore all public health as a divisive political move, and the right would have doubled that number of dead given their druthers.
I would also remind you a huge portion of the arsons in 2020 at BLM rallies were right wing false flag operations trying to blame BLM for Trumpist’s crimes, exactly like you did with Jan 6.
https://www.wweek.com/news/courts/2020/10/07/white-people-make-up-90-of-arson-charges-and-75-of-property-damage-charges-stemming-from-portland-protest
s/

I would point out that one week of the Trucker blockades at the Canada border cost $360 million per day in lost production/undelivered goods alone, totaling over $2.5 billion in losses for the first week of that right wing nonsense that lasted weeks-months then traveled the nation disrupting business for almost a year. Jan 6 cost well over $500 million. All BLM damage (including the false flag damage) is ESTIMATED to eventually reach UP TO $2 billion in insurance CLAIMS, not actual losses and damage, not payouts.
Right wing riots are more costly by far, and the causes are ‘being viciously murdered by police’ on the left, and ‘having to wear a face mask’ on the right (often when there’s no mask mandate in place).

Yes, he broke laws. Nice you joined us in reality for a moment.

What laws? How’s treason? How’s defrauding an election, election interference, attempted election interference, witness tampering, bribery and blackmail, abuse of power, deriliction of duty, incitement of insurrection, violations of the presidential records act, disruption of congress, murder of a police officer, etc. for starters, only looking at this single incident.
I know you want to say “nothing bigger than jaywalking, nothing burger….let’s investigate Hunter for maybe doing drugs as a private citizen and say Don Jr doing drugs while representing us internationally and doing government business is off limits.”

Come on, why not complain again that you don’t hear Trump’s side….just because he’s too scared to testify. Complain there aren’t more Republicans on the committee….just because they boycotted it. Complain about the witnesses despite nearly 100% being Trump administration officials or voters.

Hundreds of millions spent so you can’t name a law Clinton broke, hypocrite. The few millions spent to find out those responsible for a deadly coup is pennies compared to the costs of the failed coup. It actually costs exponentially less than the physical damage done to the building, estimated over $30 million….but the full cost of Trump’s tantrum and failed coup including deploying the national guard was WELL OVER $500 MILLION. A few million more to hold someone accountable and keep it from repeating is nothing, especially if we then sue Trump to recoup the losses (hint, he doesn’t have that much money).
Also, $4 billion spent on Greg Abbot’s performance stunt to halt trade at the border in the name of anti immigration that caught zero extra immigrants…that you supported…makes you just a tad hypocritical again….just a little bit.
To be clear, I’m saying you have no problem actually wasting, with no return on investment, thousands of times the amount spent safeguarding the nation from domestic terrorists with the bipartisan investigation.

The DOJ makes specific charges, not the investigative committee….since you seem confused again. The committee is smart enough to not telegraph the evidence supporting every charge they prepared for the DOJ. They only need to show enough to convince any reasonable person of his guilt, not every cultist. There is no amount of evidence of any criminality from any source that would convince your ilk that Trump’s treasonous and deadly crimes are worth prosecuting, convincing you is not the goal or even a concern.

What a joke comment you wrote and person you are.

Lol.
Reasontv, the network of the insanity from Stossel, with the stated position that “free market and deregulation is the solution to any and every problem imaginable”. That’s the best you’ve got!?! Then you’ve got NOTHING. You actually complain that CNN isn’t trustworthy, then you post from Reasontv!?! Er mer gerd! 🤦‍♂️ why not just post Beck or Jones?

They completely misrepresent what the report, and climate activists, and politicians have said with bad editing and lies here, no surprise, you posted it, it was guaranteed to be DISHONEST nonsense propaganda.

Land temperatures reached 1.3C above pre industrial norms in 2020. Every prediction made has come true well ahead of schedule. Temperature rise is accelerating, it’s not the flat straight line nor a slowing rate like they showed but an increasing curve. The last 7 years were all in the top 10 hottest ever, the last decade had 9 of the hottest ever, and we are experiencing a global drought never seen by modern man….but according to you, nothing burger, totally normal, chicken little.

https://www.iflscience.com/nine-of-the-top-10-hottest-years-ever-all-occurred-in-the-last-decade-62232

There is one thing I agree with, the “12 years to stop climate disaster” notion (not what the science says btw) is wrong. We have -20 years +-. The CO2 we put in the atmosphere today will effect climate for hundreds to a thousand years, the nitrous oxide for about 120, methane around 10. We have reached the point where natural emissions will soon take over, adding more than humans ever did. Scientists estimate that’s at 1.5C, but every estimate they’ve made public has turned out to be optimistic in the extreme, so 1.5C is almost certainly wishful thinking and 1.25C is more likely the threshold. We can both mitigate the effects and slow the rate of change, but at this point staying below 1.5C is a pipe dream no one is actually even working towards.

I think the reality is that, using current models, assuming no surprises or feedback loops, we have (now 8 ) years before the adding these greenhouse gasses in the atmosphere will carry us well beyond 1.5C above “normal” with no additional emissions needed….not that we will definitely hit 1.5 by 2030 but we will be able to coast there even with zero emissions.
I know, math and science together, way too hard, better to just listen to the oil spokesmen who say “it’s a hoax, pay no attention to the cities reaching 130F, the unprecedented heat globally, the rapidly melting (or melted) glaciers that historically provide drinking water for 1.9 BILLION people, or the never before seen by man extreme global droughts, they’re all normal and natural and why are you still talking about it?”.

No surprise, one more undeniable, in your face disaster you simply deny exists….like Covid, Jan 6, Russian election interference, -3.5%gdp, Trump terrorism, etc.
Can we have your name so when the global food supply is insufficient we know who’s family to deny food?

I immediately wondered that; a low yield dirty bomb, at say, the UN on the Upper East Side would be a different EMP profile, I presume, from a higher yielded ship born bomb inside, say, a container which had cleared customs in Pakistan, and that would be different from a high altitude air burst, right? So, and the physics seems calculable if annoyingly in my past--you should be able to calculate a range of EMP from various yields?

The "Quora" answers are: a ground-based (ship based?) lower yield weapon has EMP effects of note to the 3 mile range.

An airburst would be a different issue. "Starfish Prime”. In this high altitude nuclear test, carried out in 1962, a 1.44 Mt warhead was detonated at a height of 400 km. Electrical damage, including burning out hundreds of street lamps was caused in Hawaii - about 1500 km from the point of detonation.

By contrast there was no direct blast damage at all at that range.

The maximal electric fields induced in the Starfish Prime EMP in Hawaii were estimated at 6 kV/m. At high latitudes the value could easily be ten times higher.

For electrical equipment to be damaged by an EMP from a nuclear detonation, the detonation point must be above the visual horizon.

A large yield weapon detonated 400 km above Kansas would have an EMP that extended across the entire continental US, but the ground intensity pattern of that EMP would be peaked towards the South of ground zero, it would not be symmetrical."

When your grasp on reality is broken, you can be convinced of any nonsense.

I wonder how this man profits from spreading this misinformation.

So you know, bob. Oil isn’t made out of dinosaurs, it’s made up mostly of decomposed diatoms, algae, zooplankton, and other microorganisms, transformed under heat and pressure.
It is a finite resource.
If we burn it all, it’s CO2 emissions alone would cause an estimated approximately 200 ft of sea level rise (and likely near total planetary extinction).

PS- shouldn’t it be “The oranges of oil falsely defined in 1892”?

What do they mean “running out”? We’ve been out of water for decades.

As bad as this sounds, I think he’s under selling the problem big time.

Federal officials announced in February that California farmers will get no federal water this year, zero (that’s the Central Valley Project), while the state has allocated agriculture only 15% of normal from its distribution systems.
Meanwhile the state has also demanded agricultural water districts and cities stop diverting water from rivers and streams along the San Joaquin River. This includes 200 cities in and around the Bay Area, like San Francisco which gets up to 85% of its water from those rivers and streams.
Some rivers and streams in California have stopped flowing, all have reduced flow. The Mad River, just blocks from me, is usually 6-8’ deep bank to bank (75-100’) for at least 6 months out of each year, the last 3 years it never reached its banks and remained a shallow stream all winter, becoming a creek in summer. It is abnormal, most rivers are worse off.
Aquifers have already been depleted so much that the entire Central Valley is sinking rapidly. Reservoirs are WELL below 50%, despite what this clip said (Shasta is reporting at 40% today, but driving over it it looks like maybe 10-20% full with no inflow).
So far this year along, over 1000 residential wells have gone dry. This includes many entire communities losing their drinking water supplies completely. The number of agriculture wells that can no longer function is uncountable. It’s estimated we will lose 2700 drinking water wells this year state wide.

The California water problem isn’t a pressing future issue, it’s an ongoing unmitigated disaster we’ve ignored for far too long. At this point, it’s likely insurmountable, and a collapse of California agriculture will make today’s inflation seem like the good old days when average workers could afford to eat. Start a garden, it’s going to get weird.

Big dreams, but remember hyperloop, the amazing high speed public transportation Musk foresaw?
It was going to be autonomous pods driving hundreds of mph through multi tube vacuum tunnels, now it’s Tesla cars manually driven maybe 40mph through small one lane tunnels, with traffic jams already on the tiny test track ride in Vegas during the pandemic with riders limited to well under 1000 per hour (<1/4projected capacity) costing $52.5 million for 1.7 miles of inescapable death tube…. so underground death trap roads at only 8800 times the cost of above ground roads.
Remember the Tesla semi truck? Sounded great. Turned out it had less than 1/6 the cargo capacity of similarly size trucks because of battery weight and a 300 mile maximum range new (quickly dropping as batteries age) for the regular version, and unless you charge at Tesla with guaranteed discount electricity it’s not even cost effective against regular trucks per mile, much less per ton of freight….and still not any on the road, now estimated to start next year…maybe.

Notice the teslabot doesn’t list expected battery life, which is the big limitation on self powered robots. All the ability in the world is useless if they need to recharge every 10 minutes.

Elon’s ideas sound amazing until you look at them practically, and find that his projections are insanely unrealistic.

Edit: in his genius, Musk lobbied hard against the infrastructure bill that includes money to build the American chip manufacturing capacity…and now his plants are losing billions per year because they can’t get chips.

1) what part of that is a joke?
2) not all Cons are racists, but almost all racists are Cons.
3) All cons may not be blatant racists, but they all are willing to stand with blatant lifelong racists and support them and are willing and eager to support blatantly racist policies if the racists will support their candidates. You know a man by the company he keeps.
4) I rented 1/3 of an acre with utilities in California for $250 for 7+ years, when estimated rent would be up to $1500+Utilities, in order to give a needy person a home. After 7 years I raised rent to $300, 1/5 market value. Keep in mind my wife and I have lived on $30k a year +- for decades so she can work at a non profit blood bank helping the community. We could have used the money. Kindness isn’t monopolized by any one side/group, but it’s more rare from cons., as this video demonstrates.
5) if your siblings can’t afford to be that generous, you certainly shouldn’t force them to sell at that discount, and you should not take a dime. You control the estate, but you have a responsibility to distribute it evenly and fully, not give it away, not donate it to an elderly couple. You will ruin your family and your father’s legacy and they will be right to be mad at you for stealing their inheritance. Maybe offer it for $75k and take nothing yourself if you want to make a gift of it, absolutely don’t sell it at a discount without everyone’s agreement in advance. Trust me, I’ve been there.
6) are elderly people who need discounted rent really going to have $55k to buy even a discounted house? No bank would loan them money, they can’t pay it back. Is that a real offer?

Neither. I fully support legalizing sex work, and regulating it strongly….and I have always warned against sticking your dick in crazy. Also, I’ve never paid for sex…not with money anyway.

(Edit: Hmmmm….are you saying whoring is how most women earn a living? It wouldn’t be inconsistent with your previous stances, Mr MGTOW.)

I’m against vitriolic hypocrites in power making it criminal to do the same things they did repeatedly. I think laws enacted by representatives should be retroactive against any representatives who vote for them, for life….meaning if abortions become murder charges, Boebert gets charged twice with infanticide.
I’m also against high school dropout, ged failing, lying, stealing hookers being representatives. They’ve proven they have a price for anything and I can expect them to be easily “bought”.

Not so flimsy, not near as flimsy as her denials. Wait for her deposition….IF she sues which I doubt she will. (She’s terrified to be deposed by people who might know all her dumb secrets that would prove who she really is, a dishonest, thieving, corrupt, know nothing, child sex abusing, repeated abortion having, tax evading, business failure and hypocritical whore.)

Derp. The group that smeared her is Republican, Bob. Actual conservative, which is anti sedition. Absolutely not Democrats….these are Republicans using Republican tactics against a fake Republican. Hang your head in shame.

? No, I don’t remember any stupid lie about Obama in an elderly white gay bathhouse (with no corroborating evidence whatsoever, unlike Boebert), I tend to not pay attention to the thousands of idiotic lies Republicans made up about him, like Trump’s popular racist birther movement based on pure lies and racism, but the outrageous stories about Trump and the sedition caucus all turn out to be true, verified in courts, or turn out to be vast under estimates of their criminality.

Lol. You telling someone to live in reality is the pot calling the clear glass pitcher black, buddy. You’re been living in a con. fantasy world since 08 at least, likely longer. So much that most people believe you are really a Russian attempting to spread misinformation (and failing miserably). You believe any stupid con. lie, the dumber the better like blaming Jan 6 on BLM and ANTIFA, like blaming Ukraine for its own invasion, like denying Cawthorn, Green, Gohbert, Boebert, Munez, and Gaetz are all sexual deviants that have sex with, or who personally help others sexually abuse children.
You calling someone else turd boy is also hilarious considering how consistently full of shit your positions are, unlike mine that can be backed up with citation and fact every time. Must get under your skin.
Poor boob.

PS- How you liking Walkers new admission, that even as he railed against deadbeat and absentee fathers, saying it should be criminalized, he actually has 3 secret children he neither raised nor supported. More blatant insane Republican hypocrisy from certifiably criminally insane Republican candidates. (He threatened to murder his wife then himself while holding a loaded gun to her head)

It dropped precipitously because Elon was buying Twitter and would have to sell billions of stock to pay for it, just to name one self inflicted wound. The economic state should benefit Tesla, as you say, with gas at $5 and rising, ev’s are in high demand.

Gas in Canada is $6.75 US. UK is $5.75 in usd. Europe is around $5.25. But sure, it’s all Biden’s fault. Meanwhile my Exon, BP, and energy mutual funds are reporting record profits….but there’s no correlation. Hmmm.

I guess you didn’t hear Elon decided to cut his workforce by 10% anticipating a slump in sales. Elon doesn’t share your optimism.

Isn’t his major production hurdle a worldwide chip shortage, which he can do nothing about? Not sure how he’s going to ramp up production without more chips.

China isn’t the only economy in trouble….where is this unsold production supposed to go? Europe?…in trouble. US?… looking like we’re in trouble and a logistics nightmare. How much does shipping add to the price too? $5k? More?

All car manufacturers raised prices multiple times last year significantly, they all have a shortage of chips. I think it’s more likely he raised prices because he could without slowing down sales, not in order to slow sales.

Granted, ev’s are in high demand, but the big 3 are ramping up production and will outbuild Tesla in short order, as are European and Asian companies. He’s done great without competition, but some real competition is coming. The electric F150 is going to produce around 15000 this year with over 120000 (edit now 200000) reservations. They built a billion dollar factory for it alone, it will be the best selling full sized ev truck as soon as production starts. They also won’t have a chip constraint because they can take them from their huge f-150 supplies to meet production estimates.

If you want Tesla stock it’s not the worst time to invest, that was last November, but I certainly wouldn’t go all in. The PE ratio is still near 100….GAWD AWFUL. That’s called a speculative bubble….they pop. Ask Twitter.


Sorry about your dad. Mine died when I was 21. It’s never easy.

I respectively disagree.

This is the buy of the year. 40% off from its high. Not from anything Tesla has done ( or not done) but from the economic state America is going through.

I don't think this will turn around till our leadership changes in 2024


Since last qtr 2021 Tesla opened 2 Giga Factories Texas and in Germany. They are ramping up and will get full speed in 2 years. This year expect 200 thousand from these as they ramp.

Giga Shanghai was shut down and lost 50, 000 vehicles of production. They reopened fully 2 weeks ago . China economy is taking a big hit. But what isn't sold will be ship and sold elsewhere.


2022 yearly estimate production is still about 1.5 M vehicles for the year.

Wait time from order to delivery is average 7 months. Tesla increase their prices 8 times last year to keep this 7 months from getting worse.

Demand out strips supply.


Gas at 5$/gal isn't helping the ICE vehicles at all and will push EV demand even higher.


Like I said

This is the buy of the year. 40% off from its high.
Also looks like a stock split of 3 to 1 is coming. This does nothing but make it cheaper for those who would like to enter this. One can do so at a lower, affordable price point.



Buy and hold



Buy 10 shares and hold for 5 o 10 years.





FYI.
My dad passed away last month on the 28th. I've been out of work tending to him and now settling the estate.

Don't be so sure. Due to the incredible amounts of views/money these videos generate, I had/have always been skeptical of the legitimacy of them. The below video had exposed at least one of these channels builds https://youtu.be/YCyLWhPnq1M

(edit) a quick google estimated $3000-5000 for a million views. This video at 114 million views would come in at between $340,000-570,000. Seems like it would be a lucrative business to be in.