Electric stove, oven, washer, dryer, air conditioning, refrigerator, electric heat, TV, DVR, etc.
There's no way that it would power a home in the US. I can hear the constant squealing of the overload notification already.
Then draw from the grid when you are cooking. Or buy two or three.
Tesla dont make batteries they just buy them from Panasonic, American business in a nutshell, buy $product from Asia and tell everyone you made it, Americas is just Asias best salesman, nothing innovative here (except PR) at all.
Uhhhhhh...gigafactory?
Technically true even if deliberately obtuse.
Obviously, I don't see it that way. My ultimate point here is that we can do a lot to change what we perceive as innate value. Gold, for example, has long been a store of value, namely, that it has a perceived innate value and some physical properties that make it a nice thing for this purpose. Originally, it was because it looked pretty and was easy for bronze age people to make and handle. Now, it has a bunch of other industrial uses propping up its "innate" value.
And currencies can have value beyond their utility in everyday trade. For example, the US government and its subordinate governments accept only US dollars for tax payments and many other transactions.
While Bitcoin might not have a utility past its use as a currency, there is no reason we couldn't make a currency, using the Bitcoin model, which does. The key reason is that Bitcoin depends on computation to validate currency creation and transactions. Those computations are inherently useless outside of their derived value from Bitcoin transactions.
That needs not be the case. We could make a system where every unit of currency created and every transaction done happens to be done via a measurable unit of useful computation (say it tests a number of possible protein configurations or some other computationally intensive, readily parallelizable problem). Then in addition to the currency's value as medium of exchange, there would be add on value from those computations as well.
Yes it provides utility as a currency, but outside of its use as a currency it has no value because it cannot be used for anything else. Things that have innate value have other uses than just for currency.
There's no such thing as innate value. Food doesn't have value, if there's no one to eat it. People don't have value, if they're just another mouth to feed, breeding more mouths to feed.
Will future aircraft be able to also make the switch to electric? Yes, of course. Electric driven propellers should do the trick.
Of course, the size of the batteries needed will preclude carrying any passengers or cargo.
I don't think that is necessarily true. One option is to build hybrid electrical airplanes. And if battery power density and durability continues to improve, I think you might be surprised what is possible if you fill the wings of an airplane with electrochemical cells. Elon Musk has speculated that electric airplanes might be possible if we go beyond the incremental improvements of the current players.
What are the factors that lead towards labour being more expensive than capital? Well, in the so called 'developed' nations that would be government created inflation (paper fiat printing and interest rate manipulation), business regulations (which are taxes) and other income and wealth taxes.
Inflation tends to nail both labor and capital. Resources and materials hold their value, but wages don't track inflation. And capital gains tax is a problem for capital.
Regulations aren't taxes because for the most part the state isn't getting revenue from the regulation. There are ways to turn such things into an effective tax such as US police departments generating funding via civil forfeiture laws, but it's not the default state of regulation.
Various economic indicators in the USA are showing a significant slow down in the economy, it's systemic but the TV will make you think this is all weather related, which is pure nonsense. Weather happens, so do other things, these things shouldn't cause the so called 'economists' miss their targets all the time by such huge margins. The USA (and some other) economy is dying the death of trillions of cuts administered by the government and various 'progressive' agenda but also by the mix of corporate/state agenda that prevents free market from working. Free market is then blamed, the idiots say: 'free market fails' or whatnot, when the reality is that it is their system of government that fails to protect individual liberties and freedoms required for the free market to exist.
I agree.
And that is the "conservative" argument against schools, but why doesn't that apply to the Military Industrial Complex?
Yes, it does Mark.
But don't let common sense reign in a scenario involving a crew piloting a stolen alien starship in poor condition.
You can't possibly reign in that scenario especially once it involves time travel and space whales.
I can shoot around corners now?! Sweet. Hello Cool World, here I come.
No, fins can't do that. You'll need a little fancier tech for that.
Many people are unenthusiastic about their work.
