“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]

I know…. We free-market optimists–and we ObamaCare, ObamaEnergy, etc. pessimists–are like the chap who jumps off the skyscraper and reports that everything is breezy on the way down.

But we have been jumping off buildings ever since Robert Thomas Malthus’s An Essay on Population was published in 1798.…

“I have never known much good done by those who affected to trade for the public good. It is an affectation, indeed, not very common among merchants, and very few words need to be employed in dissuading them from it.”

– Adam Smith, The Wealth of Nations (1)

We all know that Google is incredibly future-oriented, and that, for all its problems, Microsoft, knows a lot about technology and markets. Why, then, did each shockthe ‘smart grid’ movement by announcing the phaseout of their home energy metering and control technologies (Microsoft’s Hohm and Google’s EnergyMeter)?

The deep meaning of this is less about technology than it is about politics.

Two PR Moments

You will learn nothing from the announcements from Google and Microsoft. Both companies’ PR departments broke the news as sanctimoniously as possible, using the language of planetary consciousness.…

I try not to play favorites between Republicans and Democrats when it comes to supporting or undermining the ideal of what Ludwig von Mises called the free and prosperous commonwealth. To this end, I have criticized Gov. Perry for his unfortunate windpower positions in Texas (see here and here), and I will do so again to the extent he buys into a government role in “green energy.”

Dessler Weighs In

A current spat is ongoing between Texas A&M climatologist Andrew Dessler and Perry, a front-runner for the Republican nomination for president of the United States, over global warming science and policy.

Dr. Dessler has written two opinion-page editorials published by the Houston Chronicle in recent months (July 10th and September 2nd) arguing that the science is settled in favor of climate alarm, meriting proactive public policy.…

“The social usefulness of well-defined property rights, free exchange, and the system of relative money prices . . . has perhaps been demonstrated most convincingly by the catastrophic failure in the twentieth century of those societies that tried to function without them.”

– Paul Heyne, “Efficiency,” in David Henderson, ed., The Fortune Encyclopedia of Economics (New York: Warner Books, Inc., 1993), p. 11.

“The wildcatters showed their gratitude to their city through their philanthropy. They were not the only ones who supported good causes in our region, but many of the foundations in Houston had their beginning in the oil and gas industries.”

– Joe Pratt, Cullen/NEH Professor in History and Business, University of Houston

George Will invoked the theme of Texas exceptionalism in a recent column pitching  the state’s governor Rick Perry for the Republican presidential nomination.…