Julian Simon (1932–1998) died 22 years ago this week, just short of his 66th birthday, too young by today’s standards. But Simon Lives! moments are common, with the most recent being the President of the United States telling the world leaders at the World Economic Forum in Davos:

“[W]e must reject the perennial prophets of doom and their predictions of the apocalypse. They are the heirs of yesterday’s foolish fortune-tellers — and I have them and you have them, and we all have them, and they want to see us do badly…. They predicted an overpopulation crisis in the 1960s, mass starvation in the ’70s, and an end of oil in the 1990s. These alarmists always demand the same thing: absolute power to dominate, transform, and control every aspect of our lives.”

“[W]e must reject the perennial prophets of doom and their predictions of the apocalypse. They are the heirs of yesterday’s foolish fortune-tellers — and I have them and you have them, and we all have them, and they want to see us do badly…. They predicted an overpopulation crisis in the 1960s, mass starvation in the ’70s, and an end of oil in the 1990s. These alarmists always demand the same thing: absolute power to dominate, transform, and control every aspect of our lives.”

“We will never let radical socialists destroy our economy, wreck our country, or eradicate our liberty. America will always be the proud, strong, and unyielding bastion of freedom.” (Trump, January 21, 2020)

Denunciation, even shock, came from the establishment media, including the Washington Post (“Trump Drops a Climate Bomb“) and the Los Angeles Times (“At Davos, Trump Rejects Climate Crisis“).…

“… knowledge is truly the mother of all resources.”

– Erich Zimmermann, World Resources and Industries (1951), p. 10.

The new year presents an opportunity to step back and appreciate the driver of progress in the free economy: the liberated, liberating entrepreneur. The change-makers of the market drive the creation and usage of resources, as well documented by the oil and gas extraction revolution of the last decade or more.

But a largely invisible, ongoing application in the U.S. and elsewhere deserves more attention. Instead of futile and wasteful (government) mitigation policy, the positive approach to climate policy is human ingenuity to anticipate, mitigate, or just capitalize on changing weather patterns, aka climate change.

Increasing ‘depletable’ resources is a paradigmatic example of what Julian Simon called “the ultimate resource,” human ingenuity.…

“We created a way of raising standards of living that we can’t possibly pass on to our children. It has to collapse, unless adults stand up and say, ‘This is a Ponzi scheme. We have not generated real wealth, and we are destroying a livable climate.’” (Joe Romm, quoted in Thomas Friedman, Is the Inflection Point Near?, New York Times, March 7, 2009)

“Is there any more single-minded, simple pleasure than viewing with alarm? At times it is even better than sex.” (Kenneth Boulding (1970), p. 160. [1]

Are free-market optimists the dumb ones who jump off tall buildings and report that everything is fine, even breezy, on the way down? Or are those who fear, rant, and make this analogy bungee-jumping with reality?

The optimists have been jumping off buildings ever since Robert Thomas Malthus’s An Essay on Population was published in 1798–and not hitting the ground.…