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Eugine_Nier comments on Rationality Quotes March 2013 - Less Wrong
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Right. They're hiring 150 PhD students and it's still supposed to take 20 years. This seems like a prime instance of the We Can't Do Anything Effect.
A working LFTR is worth a lot of money. If this is so easy, everyone is missing out on an easy way to get rich.
In nearly all countries you need a permit to build a nuclear reactor, and said permits are frequently denied for political reasons. Not to mention that the biggest risk of building a nuclear power plant is probably having it shutdown by anti-nuclear activists before you can recoup the cost of building it.
That second point is particularly important. Since present governments cannot reliably bind future governments, credibility is a big issue with any politically-sensitive project with a long time horizon.