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Nathan Tankus – The Green New Deal will be tremendously expensive. Every penny should go on the government’s tab.

Summary:
Only the government can afford to fund the New Green Deal, say the above authors. They add, forget about PPI  because just won't cut it. Some things are too important to be left to the market where the competition between companies would hinder progress.We contend that decarbonization technology is too important to humanity to hide it behind US patents and trade secrets. To confront the crisis equitably and efficiently, we should publicly fund  development and share the research with the world free. The GND should usher in a global ecological commons, not more profit-centric competitions over "scarce resources." Bloomberg  The Green New Deal will be tremendously expensive. Every penny should go on the government's tab.

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Only the government can afford to fund the New Green Deal, say the above authors. They add, forget about PPI  because just won't cut it. Some things are too important to be left to the market where the competition between companies would hinder progress.

We contend that decarbonization technology is too important to humanity to hide it behind US patents and trade secrets. To confront the crisis equitably and efficiently, we should publicly fund  development and share the research with the world free. The GND should usher in a global ecological commons, not more profit-centric competitions over "scarce resources."

Bloomberg 

The Green New Deal will be tremendously expensive. Every penny should go on the government's tab.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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