The Credit Crunch and how to solve it

We are told that the there is a crisis in the world economic system because credit is drying up in the USA. This is only a crisis if we let it happen because it has a simple cause and an equally simple solution.
The symptom of the problem is that banks are unwilling to loan [...]

Paul Pollard CT Letters

Paul Pollard CT Letters 24th Sep calculations on the cost of electricity from wind farms assumes that the interest charges on the money used to build the wind farms is 10%. If we removed the interest charge then the cost of electricity from the wind farms is way below the average price of 6 cents [...]

Financing Renewables and Solving the Financial Crisis

Emissions Permits Trading, Carbon Credits, Renewable Energy Targets, Feed In Tariffs and other financial structures are all mechanisms to encourage investment in renewable energy infrastructure. They achieve this by manipulating the market in fossil fuel energy to encourage investment in renewable energy.
Why do we do this as a way to reduce emissions?
We do it because [...]

Energy Rewards to reduce emissions

Putting a price on carbon is one strategy to reduce emissions. Another is to use zero interest loans to construct emissions reducing infrastructure.
Let the Reserve Bank create some money called Energy Rewards that must be used to build renewable energy plants or reduce energy consumption through things like insulation. Let us give this money to [...]

Limits of Computer Modeling: Implicat…

Limits of Computer Modeling:  Implications for Government Decisionmaking.

“Those who conflate the science and policy roles of prediction and modeling trade short-term political or public gain with a substantial risk of a more lasting loss of legitimacy and political effectiveness” (Roger A. Pielke Jr / The Role of Models in Prediction for Decision  - Cary Conference IX: 28 [...]

How to make homes affordable

The government can solve the home affordability problem through any or all bank lenders while at the same time increasing the lenders’ home loan margins and increase their number of accounts.
Method.
Ask one of the fractional reserve bank organisations to create a special home loan product with an interest rate of say 3% fixed forever. [...]