“I think [Julian Simon] probably should have been considered for a Nobel Prize.  He took a very independent position with little backing, dug deep and provided very good evidence for his predictions and expectations.”

“I do not believe there is a natural resource economics.  I believe there is good economics and bad economics.”

• Milton Friedman (below)

Editor note: Milton Friedman would be 105 this day. Born July 31, 1912, in New York City, he died on November 16, 2006, in San Francisco, age 94.

Reprinted below is an exchange between Robert Bradley Jr. and the Milton Friedman when the Nobel Laureate was 91 years old–a testament to the patience, scholarship, and longevity of one of the greatest social thinkers of modern time.

“Markets are not perfect, inspiring some to devise and champion government intervention. But political solutions must contend with analytic failure, implementation problems, and public-sector (taxpayer) costs. Imperfect markets, in other words, may well be better than “perfect” regulation in the real world. The burden of proof, therefore, should be on government intervention, rather than on voluntary transactions premised on private property and governed by the rule of law.”

[Editor’s Note: Ad Hominem attacks on free-market organizations espousing industry positions are a regular occurrence, even though the same organizations oppose the same companies when they seek special government favors. Part I yesterday, reposted from April 2012, explains the philosophy behind the Institute for Energy Research.]

“In the U.S. energy sector, market reliance has produced economic coordination, fostered economic growth, and democratized wealth.…

“Until last week, Richard Nixon was responsible for the two worst-conceived American energy policies. On June 1, Donald Trump’s announcement of U.S. withdrawal from the Paris Climate Accords displaced all competitors as the worst presidential initiative on energy in our nation’s history.”

– Hakes, “Quitting the Paris Climate Pact in Historical Perspective” (June 6, 2017)

“Historian Hakes got it exactly backwards. President Nixon violated economic law by imposing federal pricing on energy; President Trump removed an impetus to federal pricing for carbon-dioxide (CO2). Only if Trump had stayed in Paris would the Nixon analogy come into play.”

His bio line at Real Clear Energy reads: Jay Hakes is an energy historian who has worked for three presidents on energy issues. Experience aside, Mr. Hakes made just about the worst analogy possible regarding Donald Trump’s courageous decision to withdraw the United States from the redistributionist, toothless, ill-conceived Paris climate agreement.…

“Glenn took the time – time he could’ve chose to spend out on the golf course – to put together papers which served as tutorials to help all of us understand the complex terminologies and issues we would have to become familiar with if we were to be successful at deterring the industrialization of our respective regions via the industrial wind scam.”

– Mary Kay Barton (below)

“Glenn Schleede remains, along with Tom Tanton, a mentor first among equals. And he’s the most decent man I know.”

– Jon Boone (below)

“In the most trying debates, Glenn had an uncanny ability to focus on the big picture yet explain nuances to the novice and expert alike. He always shared his knowledge with compassion and passion. ”

– Tom Tanton (below)

Glenn R. …