September 4, 2008
Program Director, Economic Thinking, E Pluribus Unum Films
in a lively conversation
Price Shocks, Technology, and the Journey to the Center of the Earth
The 2007-2008 jump in oil prices is hurting most people and puts a drag on the economy, but high prices are also stimulating innovation across a wide range of energy producing and energy consuming fields.
But though politicians jump in with billions of subsidies and tax credits designed to advance technology, real advances usually emerge from cross-disciplinary experimentation and innovation by alert entrepreneurs.
We can't predict who the next Wright Brothers will be, but we have much historical experience.
Lots of people love to tinker with technology, and high oil prices spur wealthy gadget lovers to pour capital into diverse promising ventures.
Electric cars may or may not be an economically sound technology, but wealthy innovators in Silicon Valley will try things that GM and Ford probably will not.
Rehmke is program director at Economic Thinking, a program of E Pluribus Unum Films, a Seattle nonprofit.
He's a consultant with the Foundation for Economic Education.
He directs FEE's programs for high school and home-school speech and debate students. This fall over 5,000 high school and
home-school students are expected to attend FEE Seminars and guest talks organized by Mr. Rehmke.
He has a degree in economics from the University of Washington. He's worked for the Institute for Humane Studies, the Reason Foundation, and other market-oriented organizations.
He's the co-author of The Complete Idiot's Guide to Global
He's a regular contributor to DailySpeculations.com. He also manages
www.EconomicThinking.org. He writes and speaks regularly on economic development, technology and environmental issues.
spoke at Junto in August 2004.
more information on this Junto event, including time,
location, and other features of the meeting see the September