However, there can be money created by the market, because people and companies can borrow money while using the value of the assets they own as collateral. This borrowing does cause new money to appear from thin air, which means that the market is a source of money, not a sink. As this borrowed money increases the money supply just like physical money-printing would, the price of assets tends to rise along with it, as much of that borrowed money gets put towards buying those assets, increasing the number of buyers, and someone has to be convinced to sell.
This creates an unstable feedback loop of rising borrowing against rising asset prices causing higher asset prices, and it can of course operate in the reverse mode as well, where falling asset prices result in loans being called in, causing the money supply to shrink, pushing asset prices down even further.
(This crash is not a necessary outcome; if the assets correspond to productive investments and real growth, this results in abundance which can in various ways allow those debts to be held or paid off without falling asset prices.)
Maybe we should have expanding mining and made the underlying minerals much cheaper as opposed to subsidizing each individual vehicle.
Personally, I quite like Kotlin, but I haven't been able to convince most of my greybeard colleagues to make the leap.
I have a two complete solar systems on my house the first one was 10.98kW AC installed 4 years ago with the panels facing south. The second was just installed a few days ago and is a 9.9kW AC with the panels facing east/west. Combined the system will produce over 20MWh of power per year. Both systems are grid tied used EnPhase microinverters and are now combined together for monitoring in one site.
I have an EnPhase IQ EV Charger. This has a mode where it communicates with the solar system, understands how much power is being produced and consumed in the house and then adjusts the EV charger output to match the excess solar production.
I have an EV with the largest battery that is available. The Chevy Silverado EV truck has 24 battery modules with a total gross capacity of slightly over 200kWh. The efficiency on road trips at high speeds is about 2.1miles per kWh. I have verified this with a real world road trip of over 400 miles.
The cost of the solar is around 5 cents per kWh over the 25+ year lifespan of the system.
This implies intent.
> One pilot asked “why did you turn them off?” and the other said “I didn’t.”
To me this reads like an unintentional error with colossol implications.
Are you suggesting there was malicious intent and then a delibrately crafted denial by the perpetrator?