[WastingMyTime89]

No, it’s clearly not how it works.

National scale investment like the power grid are not subject to the same kind of rules that classical investment because the state can and do print money. For all the bad things I have to say about the Inflation Reduction Act for exemple, it will result in significant investment in renewable with money which for all intent and purpose appeared out of thin air (with all the impact this will have on the overall equilibrium of the economy).

You could have at the same time have a comprehensive investment plan for nuclear and renewable without one significantly impacting the funding of the other. The US would be labour and knowledge limited long before it is capital starved.

[rcxdude]

The money represents real resources. Printing more of it doesn't make more resources, it just moves some power over the allocation of those resources to the government printing it.

[zerodensity]

Money has not been backed by resources since the 1970s.

[rcxdude]

I know there's no defined relationship to any specific resource, but that doesn't change the fact that money is an abstraction.