Discount Rates: The Divine Right of Economists

Strategists in the Green Energy War are forced to make do with the analytic tools the early years of the 21st Century have made available to them. How to properly value future costs and future benefits has long been a conundrum for decisionmakers in all walks of life who are called upon to choose between alternatives in the present. The "time value of money" is a truism of economic orthodoxy, but ethicists have always questioned whether it gives proper attention to the interests of future generations.

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