Quick Jobs and Improved GDP

One of my friends/readers sent me an email on the previous post and in his note he said, ” I ask my clients how the US could genuinely employ more people? One quick response was, ‘Build 50 nuclear power plants as fast as you can!’” Here’s my take on that:

The man who suggested the nuclear power plants is really onto something. We ought to use this lull in natural gas prices to convert coal-fired plants to gas and get permits for many (50-200) nuclear power plants in the pipeline. Unfortunately, it might still be
ten years before they are up and running, but at least we’d know that our long-term power needs would be solved.

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