November 29, 2008

TOM SMITH ON TALK OF A GREEN NEW DEAL: “Or is it the New Green Deal? Whatever it is, I think it is remarkable and my bet is it is going to be a big fiasco. I think all of the VC money going into it, and I think it is a lot, is spurred on more by the hope of government subsidies in one form or another than by real economics. It strikes me as a strange sort of mania. It looks like we are pouring a lot of money we don’t have into technologies that very well may not work to solve a problem we are not sure we have.”