Everyone wants energy independence. Politicians, business people, and academics all say that our reliance on foreign energy is bad.
But have we really thought about this? Does it make sense?
I've never really shared the opinion that energy independence today is a good idea (when it comes to oil, coal, and other non-renewables). Neither has Charlie Munger.
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Munger is one of the clearest thinkers I know. His talk on the psychology of human misjudgment could be the most profitable hour you ever spend.
At a recent conference he explained (lightly edited):
Economists are part of the problem
What should we do?
What do you think?
I'd love to hear what you think. Leave a comment.
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