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The Nuclear Option

Letter to: Andrew Murray-Watson, The Business Telegraph, London

Dear Andrew.

Who is going to pay for new nuclear power stations?

The answer to that question, does exist, but is not known. The answer is actually more valuable than the energy which a nuclear power station will produce.

Within the context of our existing monetary system, the answer to the question is, that no one need pay for new nuclear power stations. They can be free. Free in the sense that no money which already exists, will be needed. New money will be needed, because the enormous quantity of requisite money does not actually exist and will have to be borrowed. But borrowed into existence, which is the only method so far available.

But for a nuclear power station, another source of money does exist, which is never used.

We need nuclear power stations in order to provide green energy for the creation of wealth.

The money minted, printed or somehow created, because it is needed by the Nation, for the creation of wealth, which is required by the Nation for its survival, cannot cause inflation however great the sum, provided the new money is spent by the Government wisely and well.

That new money does not need to be borrowed, it can be freshly created by the Government without causing inflation.

Finding the money to build this next generation of nuclear power stations, need not cost any body any thing.

All it needs is to raise the IQ of economics to a great height. When we persuade Sylvia Pfeifer, to apply this principle to carbon sequestration and have this new, two pronged attack on global-warming, we can move forward into a new Golden Age, which will benefit the whole of the world.

Admittedly this is opening a new line of thought. You may need me to put more meat on the bones. So be it.

Kindest regards.