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Market Failure and the Rule of Capture

By Robert Bradley Jr. -- January 25, 2021

“But much of the great advances in economic science during the 1960s-1990s was blowing up the mythology of market failure and the idea of government as a corrective.” (Peter Boettke, May 9, 2019)

Andrew Dessler Latest Tweets (inside the mind of an angry climate alarmist)

By Robert Bradley Jr. -- January 24, 2021

“Senile, scientifically illiterate, grumpy old men are NOT pleased [with the arrival of Greta Thunberg to New York City and the United States].” (Andrew Dessler, August 28, 2019)

Anger, Disrespect

“The use of old, senile, scientifically illiterate men to promote climate change denial is truly a disgrace.” (Andrew Dessler, August 21, 2019)

“Who should be madder about calling people who reject climate science ‘climate deniers.’ Climate deniers, because it lumps them in with holocaust deniers? Or Holocaust deniers, because it lumps them in with climate deniers.” (Andrew Dessler, July 18, 2019)

“your puny consensus science is no match for my UNCERTAINTY MONSTER! Bwahahah!” “ma’am, this is Arbys. can I take your order?” (May 15, 2019 tweet exchange with Judith Curry)

“It’s awesome that Henri, an MIT student, misspelled [Richard] Lindzen’s name.…

Wind Power’s PTC: Chapter 14 (13th extension)

By Robert Bradley Jr. -- January 21, 2021

“The PTC is the single most expensive energy subsidy in the federal tax code and is estimated to cost taxpayers about $40 billion from 2018 to 2027.” (IER, January 5, 2021)

“Special government favor to business–crony capitalism–can turn losers into winners. And the loser lobby can claim progress and even inevitability as if they really won. This is the postmodernism of energy policy today in regard to the two politically correct renewables: wind and (on-grid) solar.”

It does not end. What is not competitive and government dependent just continues that way. This is not only because the market picks winners and leaves the losers for politics. It is also because the market-driven, non-subsidized technology improves over time.

Recently, wind power federal Production Tax Credit received its 13th extension. Reported IER:

The U.S.

Trump Administration Accomplishments (Part II: ‘Massive Deregulation’)

By Robert Bradley Jr. -- January 20, 2021

Trump Administration Accomplishments (Part I: ‘American Energy Independence’)

By Robert Bradley Jr. -- January 19, 2021

MLK Day: The Wisdom of Thomas Sowell

By Robert Bradley Jr. -- January 18, 2021

COVID P&D: The Visible Hand of Oil and Gas

By Robert Bradley Jr. -- January 14, 2021

Trump’s Energy/Climate Policies in Review (Part II)

By Robert Bradley Jr. -- January 13, 2021

Trump on Energy, Environment, and Regulation (Part I)

By Robert Bradley Jr. -- January 12, 2021

Encountering–and Overcoming–Libertarian Critics

By Robert Bradley Jr. -- January 11, 2021