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The former has historically went very, very wrong fast for those using them and the latter isn't possible; the funny irony of automated warfare is that it requires more manpower than regular warfare. You need to mine all those rare earth minerals (Turkey and China have a large monopoly on the...

Because you randomly decided to focus on the Bank of Japan holdings instead of the broader fact that foreigners only hold about 8% of Japanese debt, the rest is held through other domestic holders. But they don't, as anybody looking at Japanese debt to GDP vs the United States sees. ...asset...

I don't think anybody would classify something as less than half of a total as an overwhelming amount of the total. I think anybody comparing debt totals as % of GDP can see that it, in fact, does. Except it does when I've used that $10 Million to buy multiple properties and cars I can sell...

But it does, because as you noted of Japan's larger debt total, it's overwhelmingly domestically held. Japan's debt to GDP is much higher than that of the United States, and that's precisely because it owns that higher amount. Sure, but if you recall I didn't say their FOREX holdings were...

That's entirely the point; Japan is able to have much more debt without inflation. This is why it gets cited by MMT proponents but they leave out the other factors that make it able to do so, such as having 10-15x the Forex reserves of the U.S. and a trade surplus to export it's Inflation...

Directionally I agree in the sense there are no free lunches, but with some important caveats. MMT is broadly correct in that, as long as you issue your own currency, you won't default. When faced with that prospect, Central Banks can just fire up the money printers; you can thus have...

The United States is basically doing a Soviet Union.

That's a long winded way of saying you don't really have any counters and now have shifted to attacking me, rather than the argument. As I've often said, as much as you or others like to go on and on about me, if you really felt that way, you wouldn't bother to respond. The reality is I'm right...

No, I'm just simply correct and it's why you have to deliberate misinterpret what I said. This is what I mean by misinterpreting what I said, in that I said getting Fission figured out cost over $2 Billion; I did not say the Chicago Pile was that amount. The amount was actually referring to...

Many such cases as of late, and it was obvious in the mid 2010s. The days after gay marriage was legalized there was tepid articles broaching the subject and the APA even back then tried to justify viewing pedos as a pathology; the religious right back then was still strong enough to put enough...

[Fedpost]

Ammonia can be distilled by Fusion, but it only has ~1/3 the energy density of gasoline. All the rest are fossil fuels in decline, or simply insufficient; ethanol already has a net negative cost balance on it.

We're already in a Peak Cheap Oil era and I don't foresee fully electric vehicles working out given the material input conditions, so that really just leaves HEVs.

And yet, from the Chicago Pile in 1942 it took until the late 1950s to get a working commercial reactor going. At it's base, the same issues you note with Fission are the same issue with Fusion, just at a larger scale. The temperatures and pressures approach that of the sun, so you need to...

Basically, from reading the announcement, Fusion is where Fission was in 1942. If money and focus continues to be spent here, then we could see commercialization starting by around 2040. Besides the immense energy generation benefits, some perks of Fusion (As well as Gen IV Fission!) include...

I have no doubt she is a partisan pick unqualified for her position, it's that the team at LLNL is emphasizing this to the extent the DOE staff chose to break precedent and hold a high profile press conference on the subject that is important. To my knowledge, at the very least going back the...

That it's for research is the entire point; it took over a decade after the first atomic bomb test to get the first commercial nuclear power plant. Once you get the research figured out, it becomes possible to do Fusion for energy production. We see the same track with fission, in that it was...

If it's actual net energy production, then this is one of the biggest developments in Human history.

Beat you to it by a couple of hours in posting that, but I endorse this entirely.