“Ending government bailouts and corporate handouts will allow for huge, immediate, direct tax cuts — giving back desperately-needed money to American families — every year — to spend, save, or give away as they see fit.”
– Libertarian Party Website (below)
The Libertarian Party, the self-described “Party of Principle” advocating “minimum government, maximum liberty,” has a worthy stance on ending special government favor to business (cronyism). For energy policy, this would mean a long overdue contraction of the solar power, wind power, and ethanol industries. It would also be big trouble for Elon Musk’s Tesla and other electric vehicle companies.
The LP pledge is reproduced below, followed by a discussion of what the virus is, and why it should be ended.
The Pledge
…If elected, I will sponsor and work diligently to pass legislation to end government bailouts, grants, loans, loan guarantees, and other handouts to private businesses; eliminate unnecessary government spending, which fuels crony capitalism; open up bidding of government contracts; and require all government contractors and their employees to agree to abstain from lobbying or from promoting or opposing political campaigns.
“No electric car since 1902, regardless of battery or drive train, had been able to compete effectively against its contemporary internal combustion counterpart.”
– David Kirsch, The Electric Vehicle and The Burden of History (New Brunswick, New Jersey: Rutgers University Press, 2000), p. 203.
Energy history takes the wind out of the sails of the advocates of forced energy transformation. Proponents of government- enabled renewable energies must contend with the fact that for most of mankind’s (impoverished) history, the market share of biomass, wind, solar, and falling water was 100 percent. (The carbon-based energy era is only a couple of hundred years old.)
And proponents of government-enabled electric vehicles (not golf carts) must know that their technology was beat fair and square than a century ago.
Here are some quotations on the rise and fall of EVs (or EEVs–emission elsewhere vehicles).…
“IER’s philosophy and research reflects a number of academic traditions, from natural-rights philosophy to market-process economics to Public Choice. We are heavily influenced by the lessons of history, given the extensive role of government intervention in energy markets (remember, for example, the 1970s energy crisis?). We are not a public relations firm but one based on classical liberalism, better known today as libertarianism.”
Former Obama advisor and Democratic operative David Axelrod recently tweeted: “Donald Trump cites energy analysis from The Institute for Energy Research, notorious as the climate change-denying arm of the oil industry.” In fact, Trump cited an IER-sponsored study that predicted that legalizing energy production on federal domains could result in a half-million well-paying jobs annually and economic benefits of more than $100 billion annually.
What was the study that Trump cited and Axelrod decried?…