“PURPA has been the most effective single measure in promoting renewable energy.”

–Union of Concerned Scientists

What if Congress passed a law that forced you to buy intermittent energy for the same price as reliable energy? What if, in an attempt to promote “alternative” energy sources such as wind power, Congress passed a law that enabled wind to crowd out reliable resources? Congress actually passed that law in 1978, the Public Utility Regulatory Policies Act (PURPA). Its role has changed and its scope has narrowed, but “PURPA is still alive and kicking.”

Background

President Jimmy Carter, working from the viewpoint that the federal government had to intervene in markets to reduce demand and increase supply, formulated PURPA as part of a five-part National Energy Plan.

Oil and gas were seen as wasting resources relative to plentiful coal, so public policy needed to transfer demand from the former to the latter.…

“Some 30 years ago, futurists imagined that cars of the future would be stunning and beautiful and would bring total joy to driving. …  That future has been entirely wrecked, a dashed dream that had to die to make way for the weird, homogenized stuff we are permitted to buy today.”

The antique car, specially ordered for the occasion, was waiting for the bride and groom to take them to the reception. I was among the wedding guests who found myself more enraptured by the car than by the main event.

The stunning car was a Studebaker. At best I can tell, it was a 1940 Commander convertible. I had to look it up: This company was born in 1852 and died in 1967, and produced some of the most visually gorgeous cars in its day.…

For most economists, the workings of “price gouging” laws are simple and predictable. Binding price caps in emergencies create shortages on the most urgently needed goods and services during emergencies.

The recommended policy reform is simple, too: stop harming citizens when they can least afford it!

It would seem to be an open-and-shut case, a slam dunk for economics to inform the electorate and thus policymakers to avoid such folly. Remember the gasoline lines and natural gas shortages of the 1970s? Perhaps no simple event has convinced mainstream economists that price controls have bad consequences despite intention.

Defenders of economic liberty have an even easier argument: merchants ought to be free to ask what ever price they like for the goods and services they offer. Price gouging laws unjustly limit that freedom and government ought not to do that.…

[Ed. note: Part I on Monday examined the Green Party’s Green New Deal; today’s post examines the rest of the Green Party’s platform with energy and the environment. With Obama’s reelection, it should not be forgotten that the philosophy and positions below–although not feasible for wholesale implementation–remain end-states for John Holdren and other Administration officials].

In George Orwell’s novel Nineteen Eighty-Four, published in 1949, the Ministry of Truth had three slogans: “WAR IS PEACE,” “FREEDOM IS SLAVERY,” and “IGNORANCE IS STRENGTH.” Enter the deep-ecology agenda, which is about controlling your resources and your life in the name of freedom for spaceship Earth.

Imagine Green Orwellian Freedom. Some of us would work in the public sector as green planners. More would work for government as enforcers, making sure the private sector is acting “sustainably.”…