Last week in the Huffington Post, climatologist Dr. James Hansen made an impassioned plea to President Obama to ditch cap-and-trade and instead advocate a plan to tax carbon-based fuels with 100% of the revenues returned to households. This was not the first time. Hansen made the same pitch back in December 2008 in a letter to President-elect Obama. President Obama did not heed Hansen’s advice, keeping his wagon hitched to cap-and-trade, the policy darling of Big Green, U.S. CAP, and congressional leaders. But with cap-and-trade bogged down on Capitol Hill, Hansen argues, his plan gives Obama “a second chance on the predominant moral issue of this century.”
Hansen made the case for “tax-and-dividend” in testimony before the House Ways & Means Committee on February 25, 2009. I commented on Hansen’s testimony a week later on MasterResource.…
Continue ReadingMiddle America has awakened, and its slogan appears to be “I’m mad as hell and I’m not going to take it anymore.” At least, that seems to be the meaning of the Tea Party movement and the recent elections in Massachusetts, New Jersey, and Virginia.
But other than being “mad as hell,” what are the Tea Party’s positions on issues such as the environment?
There is no simple answer to this question because there is no “Tea Party.” There are, rather, a multitude of Tea Parties. The Tea Party is a movement and not an organized, monolithic political party. Tea Parties may support some candidates, and conservative candidates will claim they have Tea Party endorsement, but they will most likely be running as Republicans or Independents rather than as registered members of the Tea Party. …
Continue ReadingMy post the other day on nuclear power prompted a number of comments – most of them hostile. Because the comments offered were fairly standard-issue arguments that one often hears in the debate about nuclear energy, it’s worth surveying them seriously.
Markets Schmarkets
One argument often heard is that market actions are not indicative of economic merit. Rod Adams, for instance, writes:
… Continue ReadingMarkets dominated by people whose only motive is making more money are not the best decision makers – the people making the decisions in that situation will often decide to influence the law of supply and demand by keeping their hands on the levers that they can use to keep supply restrained. If their hands are “invisible” it is because they work at keeping them hidden or because observers and academic study producers do not work very hard to find them.