No. of Recommendations: 1
Good article on this topic today on Krugman's substack. Krugman notes that most new generation in the US is by renewables and current government policies don't support that.
Brought back (painful) memories.
Krugman: Like many observers, I see obvious parallels between today’s AI boom and the telecom boom of the late 1990s. (Telecom, not dot-com — overinvestment in fiberoptic networks etc. was a much bigger deal than overvalued websites.)
Then as now, huge amounts of business investment were driven by enthusiasm about an exciting new technology. And the enthusiasm back then was justified!
Remember Level 3 Communications, anyone?
