Expensive Energy is not a Bug, but Biden Agenda’s Core FeaturePosted: October 18, 2022
During Orwellian (energy) times, it may be prudent to look to wiser heads for clarity.
“If a private enterprise is a failure, it closes down—unless it can get a government subsidy to keep it going; if a government enterprise fails, it is expanded. I challenge you to find exceptions.”
— Milton Friedman
“When the government makes loans or subsides to business, what it does is to tax successful private business in order to support unsuccessful private business.”
— Henry Hazlitt
Marlo Thomas explains in his Real Clear Energy article Expensive Energy Is a Core Feature, Not a Bug, of Biden’s Climate Agenda. Excerpts in italics with my bolds and added images.
The great Austrian economist Ludwig von Mises was being generous by describing interventionism’s nasty side-effects as “unintended.” Some younger interventionists are naïve, and know not what they do, but the older, street-smart captains of progressive politics understand the harms their policies entail. For them, the adverse consequences are features, not bugs.
The only downside is the risk of political retribution at the polls.
That’s the predicament in which the Biden administration now finds itself. It is also the theme of “Energy Inflation Was by Design,” a new report by supply-chain consultant Joseph Toomey.
[Synopsis is in previous post Energy Inflation Playbook]
President Biden and congressional Democrats want to replace fossil fuels with a “zero-carbon” energy system. Their
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