“… we agree with the urgent need to reduce inflation, but the ‘Inflation Reduction Act of 2022’ is a misleading label applied to a bill that would likely achieve the exact opposite effect.”
Philosophic fraud is a term to describe purposeful misdirection. It may not be prosecutable, but it is strategic deceit.
I was reminded of this upon reading (and signing) the Concerned Economists letter on the $739 billion Inflation Reduction Act of 2022, which is scheduled for a vote tomorrow (Saturday). It’s all a rush with a bill so huge and laden with so many special interest giveaways.
The letter follows:
Dear Leader Schumer, Leader McConnell, Speaker Pelosi, and Leader McCarthy,
The U.S. economy is at a dangerous crossroads. Forty-year high inflation is causing immense strain for households and small businesses, and it is prompting steep interest rate hikes that, while necessary to counter fiscal policy excesses, increase the chance of a deepening recession.…
“On Monday, wind was functioning at 8 percent, which is not unheard of,” so it was weird to be called out in the press release, because it’s something that we know happens so we should be ready for that sort of thing.” – Joshua Rhodes, Webber Energy Group, University of Texas at Austin. July 15, 2022
[Electricity] anxiety, coupled with misleading claims about the role of renewable energy in power outages, may also leave Texans disillusioned about the future of clean energy. – ICN, below)
We will see if Texas’s wounded electricity grid escapes conservation alerts and rolling blackouts in the next month. But a false narrative has been set: it is fossil fuels plants that are unreliable, since everyone knows that wind and solar are intermittent and will not show up at times.…
“The have’s are ‘terrified’ that the rest of the world joins in with modern appliances. And no need to check your premises about climate alarmism and wind, solar, and the rest of it. Once an alarmist, always an alarmist.”
How many times can a climate alarmist get nudged by reality? How many defeats will be enough to get the Net Zero crowd to take a fresh look at the science of CO2 benefits and global lukewarming?
Here is yet another example. Manmade global warming = heat waves = more conditioned air = more greenhouse gas emissions = [repeat]. Consider an article by Leslie Hook, Financial Times (July 15, 2022), The Lure of Air Conditioners Ignores the Vicious Climate Cycle, subtitled “more cooling systems may seem the simplest solution to warming houses but it only aggravates the problem.”…