I expected the worst when I saw that Media Matters, the communications watchdog for the Democratic Left,  had profiled my recent energy speech given to 1,000-strong at the American Legislative Exchange Council (ALEC) annual meeting. Still, I think it useful to rebut Media Matters’s Alexander Zaitchik whose report is reproduced with my parsed comments in blue.

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MM: The agenda in Salt Lake City was heavy on energy themes. Keynoting one of the luncheons was Robert Bradley, CEO of the free-market and pro-climate change Institute for Energy Research.

Comment:   “Free market” is an apt term–thank you, Sir. But “pro-climate change? I have never heard that. That tricky to equate climate change with the human influence on climate, as if natural forces were not also at work.

In rebuttal, I’ll just quote James Hansen on climate change:

“Climate is always changing.

[Ed. note: Milton Friedman’s views are also explored in Part I of this series (worldview) and in Part III (political capitalism).]

“Economists may not know much. But we know one thing very well: how to produce surpluses and shortages. Do you want a surplus? Have the government legislate a minimum price that is above the price that would otherwise prevail…. Do you want a shortage? Have the government legislate a maximum price that is below the price that would otherwise prevail.”

– Milton and Rose Friedman, Free to Choose (New York: Harcourt Brace Jovanovich, 1979), pp. 219.

“It is a mark of how far we have gone on the road to serfdom that government allocation and rationing of oil is the automatic response to the oil crisis.”

– Milton Friedman, “Why Some Prices Should Rise,” Newsweek, November 19, 1973.

“In the current energy debate, the diligent amateurs are often the real pros, and too many ‘pros’ are amateurish.”

MasterResource continues apace as a movement-wide voice of free market energy scholarship. Nearly 150 different authors have been featured at our site since its inception in late 2008. Total views have surpassed 1.3 million, with many visits by those searching on a topic relevant to past posts.

MasterResource is rated a top 30 (of 10,000) “green blog,” and a “Top 100” Science blog, according to Technorati.

With 435 categories in our extensive index, MasterResource is a research tool, not only a timely contribution to energy scholarship and current political debates. We are Google friendly with many energy terms (try one with ‘masterresource’).

I have lauded our ‘talented amateurs’ in previous activity reports.…

In business and in government, lesson after lesson has been learned against trusting the ‘smartest guys in the room.’

Remember Enron, where doubters were told by CEO Jeff Skilling that they just didn’t ‘get it’? … the alarmist climate scientists who have long stated that the science is settled…. the Obama Administration energy decision-makers who know which technologies are ‘environmentally sustainable’ and are ‘commercially promising’?

F. A. Hayek warned against the ‘pretense of knowledge” where an intellectual elite via government coercion plans for the rest of us. Economist/educator Russell Roberts (Mercatus Center, George Mason University) explained what Hayek meant in a Wall Street Journal piece, “Is the Dismal Science Really a Science?”

If economics is a science, it is more like biology than physics. Biologists try to understand the relationships in a complex system.