“There has to be a lot of shrillness taken out of our language,” Environmental Defense Fund chief Fred Krupp said in a moment of candor last month. “In the environmental community, we have to be more humble. We can’t take the attitude that we have all the answers.”(1)
Fred Krupp–please call Joe Romm, the incendiary editor of the (‘Lack of’?) Climate Progress blog of the Center for American Progress. Romm is as shrill as ever, and except to his apocalyptic apostles, people are turned off. What is wine for his hard core is whine to the open-minded, which is the large majority of us. Making jokes about global-warming exaggeration has turned into pretty good sport, as Krupp must know.
The latest from Dr. Doom (what’s new?) is that we are living on borrowed time.…
Continue ReadingAs the battle rages over the federal debt ceiling, more pundits and even some politicians are taking a serious look at a solution that any private organization would have considered from the beginning: selling off assets to satisfy creditors.
Contrary to the doomsday rhetoric of Treasury Secretary Geithner, it is simply not true that the Congress needs to raise the federal debt ceiling, lest Uncle Sam default on existing obligations. On the contrary, large (but feasible) spending cuts, coupled with aggressive privatization of federal assets, would balance the books. There is no need to raise taxes or the debt ceiling.
The bonus to privatization is also market entrepreneurship in place of bureaucratic management. So the asset transfer would be good for both taxpayers and the private sector writ large.
I’ll outline the numbers, then focus on the possible objection to privatizing the Strategic Petroleum Reserve, a topic that should be of the most interest to readers of Master Resource.…
Continue ReadingEditor note: The first post in in this three-part series was titled A Free Market Energy Vision (Part I: Worldview); the third is“Federal Energy Policy for America (Part III: Cato’s priorities–and a few more).”
The Obama Administration has been implementing an anti-energy agenda since coming to Washington. From day one, Obama and his “dream ‘green’ team” have worked to increase the cost of traditional energy to reduce usage and try to make uneconomic consumer-rejected energy (wind, solar, ethanol, electric vehicles) more economic.
The effects of these policies are now playing out in front of the American people: rising energy prices, tens of thousands of jobs destroyed, and increasing dependence on foreign state-owned energy companies. In response, the free market community has been playing defense.
But even before Obama, multiple-hundred-page interventionist legislation has been signed time and again by Republican presidents.…
Continue Reading